N.M. Stat. § 55-2-514

Current through 2024, ch. 69

Section 55-2-514 - When documents deliverable on acceptance; when on payment

Unless otherwise agreed, documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than three days after presentment; otherwise, only on payment.

NMS § 55-2-514

1953 Comp., § 50A-2-514, enacted by Laws 1961, ch. 96, § 2-514.