New Mexico Statutes > Chapter 55 > Article 7 > Part 1
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Mexico Statutes > Chapter 55 > Article 7 > Part 1
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Statute: A law passed by a legislature.
- 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