New Mexico § 55-9-309 Security interest perfected upon attachment

New Mexico Statutes

§ 55-9-309 — Security interest perfected upon attachment

New Mexico § 55-9-309

Ch. 55Uniform Commercial Code

Art. 9Secured Transactions

This text of New Mexico § 55-9-309 (Security interest perfected upon attachment) 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. § 55-9-309 (2026).

Text

The following security interests are perfected when they attach:

(1)a purchase-money security interest in consumer goods, except as otherwise provided in Subsection (b) of Section 55-9-311 NMSA 1978 with respect to consumer goods that are subject to a statute or treaty described in Subsection (a) of Section 55-9- 311 NMSA 1978;

(2)an assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;

(3)a sale of a payment intangible;

(4)a sale of a promissory note;

(5)a security interest created by the assignment of a health-care-insurance receivable to the provider of the health care goods or services;

(6)a security interest ari

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The following security interests are perfected when they attach: (1) a purchase-money security interest in consumer goods, except as otherwise provided in Subsection (b) of Section 55-9-311 NMSA 1978 with respect to consumer goods that are subject to a statute or treaty described in Subsection (a) of Section 55-9- 311 NMSA 1978; (2) an assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles; (3) a sale of a payment intangible; (4) a sale of a promissory note; (5) a security interest created by the assignment of a health-care-insurance receivable to the provider of the health care goods or services; (6) a security interest arising under Section 55-2-401, 55-2-505, Subsection (3) of Section 55-2-711 or Subsection (5) of Section 55-2A-508 NMSA 1978, until the debtor obtains possession of the collateral; (7) a security interest of a collecting bank arising under Section 55-4-210 NMSA 1978; (8) a security interest of an issuer or nominated person arising under Section 55-5- 118 NMSA 1978; (9) a security interest arising in the delivery of a financial asset under Subsection (c) of Section 55-9-206 NMSA 1978; (10) a security interest in investment property created by a broker or securities intermediary; (11) a security interest in a commodity contract or a commodity account created by a commodity intermediary; (12) an assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; (13) a security interest created by an assignment of a beneficial interest in a decedent's estate; and (14) a sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.