§ 55-1-101 Short titles
§ 55-1-102 Scope of article
§ 55-1-103 Construction of Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law
§ 55-1-104 Construction against implicit repeal
§ 55-1-105 Severability
§ 55-1-106 Use of singular and plural; gender
§ 55-1-107 Section captions
§ 55-1-108 Relation to Electronic Signatures in Global and National
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Terms Used In New Mexico Statutes > Chapter 55 > Article 1 > Part 1

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fraud: Intentional deception resulting in injury to another.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC