New Mexico Statutes 55-12A-102. Definitions
(a) As used in N.M. Stat. Ann. Chapter 55, Article 12A:
Terms Used In New Mexico Statutes 55-12A-102
- 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
(1) “adjustment date” means July 1, 2025;
(2) “Article 12” means Article 12 of the Uniform Commercial Code; and
(3) “Article 12 property” means a controllable account, controllable electronic record or controllable payment intangible.
(b) The following definitions in other articles of the Uniform Commercial Code apply to this article:
(1) “controllable account”, as provided in Section 55-9-102 N.M. Stat. Ann.;
1978;
(2) “controllable electronic record”, as provided in Section 55-12-102 NMSA 1978;
(3) “controllable payment intangible”, as provided in Section 55-9-102 NMSA (4) “electronic money”, as provided in Section 55-9-102 N.M. Stat. Ann.; and
(5) “financing statement”, as provided in Section 55-9-102 N.M. Stat. Ann.. (c) Article 1 of the Uniform Commercial Code contains general definitions and principles of construction and interpretation applicable throughout this article.