New Mexico Statutes
§ 56-5-2 — Assignment without recourse
New Mexico § 56-5-2
JurisdictionNew Mexico
Ch. 56Commercial Instruments and Transactions
Art. 5Miscellaneous Provisions Relating to Commercial
This text of New Mexico § 56-5-2 (Assignment without recourse) 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. § 56-5-2 (2026).
Text
Except as provided in the Uniform Commercial Code [Chapter 55, NMSA 1978], the assignor may discharge himself from liability to the assignee by specifying in the assignment that it is made without recourse.
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Legislative History
Laws 1851-1852, p. 283; C.L. 1865, ch. 14, § 2; C.L. 1884, § 1726; C.L. 1897,
Nearby Sections
15
§ 56-1-1
Definitions§ 56-1-10
Injunction to prevent violation§ 56-1-11
Consent to discontinuance§ 56-1-12
Violation of injunction; penalty§ 56-1-13
Contracts executed prior to act§ 56-1-16
Variable rates§ 56-1-2.1
Repealed§ 56-1-3
Retail charge agreements§ 56-1-3.1
Repealed§ 56-1-4
Insurance§ 56-1-5
Prohibited provisions§ 56-1-6
AssignmentCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 56-5-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/56/56-5-2.