N.M. Stat. § 55-9-804

Current through 2024, ch. 69

Section 55-9-804 - Security interest unperfected before effective date

A security interest that is an unperfected security interest immediately before this 2013 act takes effect becomes a perfected security interest:

(a) without further action, when this 2013 act takes effect, if the applicable requirements for perfection under Chapter 55, Article 9 NMSA 1978, as amended by this 2013 act, are satisfied before or at that time; or

(b) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

NMS § 55-9-804

1978 Comp., § 55-9-804, enacted by Laws 2013, ch. 137, § 23.