New Mexico § 56-10-21 Remedies of creditor

New Mexico Statutes

§ 56-10-21 — Remedies of creditor

New Mexico·Ch. 56 Commercial Instruments and Transactions·Art. 10 Uniform Voidable Transactions

A. In an action for relief against a transfer or obligation under the Uniform Voidable Transactions Act, a creditor, subject to the limitations in Section 56-10-22 NMSA 1978, may obtain:

(1)avoidance of the transfer or obligation to the extent necessary to satisfy the creditor's claim;

(2)an attachment or other provisional remedy against the asset transferred or other property of the transferee if available under applicable law; and (3) subject to applicable principles of equity and in accordance with applicable rules of civil procedure:

(a)an injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property;

(b)appointment of a receiver to take charge of the asset transferred or of other property of the transferee; or (c) any

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A. In an action for relief against a transfer or obligation under the Uniform Voidable Transactions Act, a creditor, subject to the limitations in Section 56-10-22 NMSA 1978, may obtain: (1) avoidance of the transfer or obligation to the extent necessary to satisfy the creditor's claim; (2) an attachment or other provisional remedy against the asset transferred or other property of the transferee if available under applicable law; and (3) subject to applicable principles of equity and in accordance with applicable rules of civil procedure: (a) an injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property; (b) appointment of a receiver to take charge of the asset transferred or of other property of the transferee; or (c) any other relief the circumstances may require. B. If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.

New Mexico § 56-10-21 (Remedies of creditor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.