§ 55-4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 55-4-502 Presentment of “on arrival” drafts
§ 55-4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 55-4-504 Privilege of presenting bank to deal with goods; security interest for expenses
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Terms Used In New Mexico Statutes > Chapter 55 > Article 4 > Part 5

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.