§ 55-9-401 Alienability of debtor’s rights
§ 55-9-402 Secured party not obligated on contract of debtor or in tort
§ 55-9-403 Agreement not to assert defenses against assignee
§ 55-9-404 Rights acquired by assignee; claims and defenses against assignee
§ 55-9-405 Modification of assigned contract
§ 55-9-406 Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective
§ 55-9-407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest
§ 55-9-408 Restrictions on assignment of promissory notes, health- care-insurance receivables and certain general intangibles ineffective
§ 55-9-409 Restrictions on assignment of letter-of-credit rights ineffective
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Terms Used In New Mexico Statutes > Chapter 55 > Article 9 > Part 4

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • Docket: A log containing brief entries of court proceedings.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.