New Mexico § 56-9-53 [Compensation of assignee as counsel.]

New Mexico Statutes

§ 56-9-53 — [Compensation of assignee as counsel.]

New Mexico § 56-9-53

Ch. 56Commercial Instruments and Transactions

Art. 9Transfers to Prefer Creditors - Voluntary Assignments

This text of New Mexico § 56-9-53 ([Compensation of assignee as counsel.]) 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. § 56-9-53 (2026).

Text

In case the assignee should be an attorney-at-law, in active practice, and performs the duties of assignee and counsel in the protection and execution of the trust, he shall be allowed by the court such compensation, in his capacity as such counsel, together with a reasonable allowance as assignee, at such times, in such manner and in such amounts as the court under all the circumstances may deem just and reasonable.

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In case the assignee should be an attorney-at-law, in active practice, and performs the duties of assignee and counsel in the protection and execution of the trust, he shall be allowed by the court such compensation, in his capacity as such counsel, together with a reasonable allowance as assignee, at such times, in such manner and in such amounts as the court under all the circumstances may deem just and reasonable.