New Mexico Statutes 55-7-401. Irregularities in issue of receipt or bill or conduct of issuer
Current as of: 2024 | Check for updates
|
Other versions
The obligations imposed by N.M. Stat. Ann. Chapter 55, Article 7 on an issuer apply to a document of title even if:
Terms Used In New Mexico Statutes 55-7-401
- Statute: A law passed by a legislature.
(1) the document does not comply with the requirements of N.M. Stat. Ann. Chapter 55, Article 7 or of any other statute, rule or regulation regarding its issuance, form or content;
(2) the issuer violated laws regulating the conduct of its business;
(3) the goods covered by the document were owned by the bailee when the document was issued; or
(4) the person issuing the document is not a warehouse, but the document purports to be a warehouse receipt.