N.M. Stat. § 55-9-332

Current through 2024, ch. 69
Section 55-9-332 - Transfer of money; transfer of funds from deposit account
(a) A transferee of tangible money takes the money free of a security interest if the transferee receives possession of the money without acting in collusion with the debtor in violating the rights of the secured party.
(b) A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
(c) A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.

NMS § 55-9-332

1978 Comp., § 55-9-332, enacted by Laws 2001, ch. 139, § 52.
Amended by 2023, c. 142,s. 73, eff. 1/1/2024.