§ 55-4-201 Status of collecting banks as agent and provisional status of credits; applicability of article; item indorsed “pay any bank”
§ 55-4-202 Responsibility for collection or return; when action timely
§ 55-4-203 Effect of instructions
§ 55-4-204 Methods of sending and presenting; sending directly to payor bank
§ 55-4-205 Depositary bank holder of unindorsed item
§ 55-4-206 Transfer between banks
§ 55-4-207 Transfer warranties
§ 55-4-208 Presentment warranties
§ 55-4-209 Encoding and retention warranties
§ 55-4-210 Security interest of collecting bank in items, accompanying documents and proceeds
§ 55-4-211 When bank gives value for purposes of holder in due course
§ 55-4-212 Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser
§ 55-4-213 Medium and time of settlement by bank
§ 55-4-214 Right of charge-back or refund; liability of collecting bank; return of item
§ 55-4-215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
§ 55-4-216 Insolvency and preference
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In New Mexico Statutes > Chapter 55 > Article 4 > Part 2

  • 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.
  • 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.