New Mexico Statutes 57-23-8. Application of bulk transfer law
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The provisions of the Uniform Commercial Code – Bulk Transfers [repealed] do not apply to a transaction between a supplier and dealer that is required by the Franchise Termination Act.
Terms Used In New Mexico Statutes 57-23-8
- 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