New Mexico Statutes > Chapter 55 > Article 4 – Bank Deposits and Collections
Current as of: 2024 | Check for updates
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Other versions
| Sections | ||
|---|---|---|
| Part 1 | 55-4-101 – 55-4-111 | |
| Part 2 | 55-4-201 – 55-4-216 | |
| Part 3 | 55-4-301 – 55-4-303 | |
| Part 4 | 55-4-401 – 55-4-407 | |
| Part 5 | 55-4-501 – 55-4-504 |
Terms Used In New Mexico Statutes > Chapter 55 > Article 4 - Bank Deposits and Collections
- Arrest: Taking physical custody of a person by lawful authority.
- Continuance: Putting off of a hearing ot trial until a later time.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- 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.
- Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.
- 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