Transition provisions as to priorities.

1. Law
2. New Mexico Statutes
3. Uniform Commercial Code
4. Effective Date and Transition Provisions
5. Transition provisions as to priorities.

Except as otherwise provided in Article 12 [55-12-101 to 55-12-108 NMSA 1978], the old U.C.C. shall apply to any questions of priority if the positions of the parties were fixed prior to January 1, 1986. In other cases questions of priority shall be determined by the new U.C.C.

History: 1978 Comp., § 55-12-107, enacted by Laws 1985, ch. 193, § 45.

ANNOTATIONS

Cross references. — For definition of "old UCC" and "new UCC," see 55-12-101 NMSA 1978.

Compiler's notes. — This section appears as § 11-107 in the Uniform Act.

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