New Mexico § 56-9-32 [Rejected claim; right to bring action; limitation.]

New Mexico Statutes

§ 56-9-32 — [Rejected claim; right to bring action; limitation.]

New Mexico § 56-9-32

Ch. 56Commercial Instruments and Transactions

Art. 9Transfers to Prefer Creditors - Voluntary Assignments

This text of New Mexico § 56-9-32 ([Rejected claim; right to bring action; limitation.]) 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. § 56-9-32 (2026).

Text

If, within thirty days after the same is rejected, the party owning said claim does not prosecute his action against the assignee in a court of competent jurisdiction, a recovery upon said claim or demand shall be forever barred. If the plaintiff's cause of action be dismissed at the instance of the defendant other than on its merits, the plaintiff shall have thirty days from the date of such dismissal to bring a new suit.

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If, within thirty days after the same is rejected, the party owning said claim does not prosecute his action against the assignee in a court of competent jurisdiction, a recovery upon said claim or demand shall be forever barred. If the plaintiff's cause of action be dismissed at the instance of the defendant other than on its merits, the plaintiff shall have thirty days from the date of such dismissal to bring a new suit.