New Mexico § 55-7-401 Irregularities in issue of receipt or bill or conduct of

New Mexico Statutes

§ 55-7-401 — Irregularities in issue of receipt or bill or conduct of

New Mexico § 55-7-401

Ch. 55Uniform Commercial Code

Art. 7Documents of Title

This text of New Mexico § 55-7-401 (Irregularities in issue of receipt or bill or conduct of) 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. § 55-7-401 (2026).

Text

issuer. The obligations imposed by Chapter 55, Article 7 NMSA 1978 on an issuer apply to a document of title even if:

(1)the document does not comply with the requirements of Chapter 55, Article 7 NMSA 1978 or of any other statute, rule or regulation regarding its issuance, form or content;

(2)the issuer violated laws regulating the conduct of its business;

(3)the goods covered by the document were owned by the bailee when the document was issued; or (4) the person issuing the document is not a warehouse, but the document purports to be a warehouse receipt.

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issuer. The obligations imposed by Chapter 55, Article 7 NMSA 1978 on an issuer apply to a document of title even if: (1) the document does not comply with the requirements of Chapter 55, Article 7 NMSA 1978 or of any other statute, rule or regulation regarding its issuance, form or content; (2) the issuer violated laws regulating the conduct of its business; (3) the goods covered by the document were owned by the bailee when the document was issued; or (4) the person issuing the document is not a warehouse, but the document purports to be a warehouse receipt.