New Mexico Statutes

§ 55-4A-401 — Payment date

New Mexico § 55-4A-401
JurisdictionNew Mexico
Ch. 55Uniform Commercial Code
Art. 4AFunds Transfers

This text of New Mexico § 55-4A-401 (Payment date) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 55-4A-401 (2026).

Text

"Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.

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Legislative History

1978 Comp., § 55-4A-401, enacted by Laws 1992, ch. 114, § 222.

Nearby Sections

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Bluebook (online)
New Mexico § 55-4A-401, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/55/55-4A-401.