N.M. Stat. » Chapter 55 — Uniform Commercial Code
New Mexico Statutes

N.M. Stat. § 55-3-606 (2026)

Repealed

✓ current as of May 2026
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ANNOTATIONS

Repeals. — Laws 1992, ch. 114, § 237A repeals 55-3-606 NMSA 1978, as enacted by Laws 1961, ch. 96, § 3-606, relating to impairment of recourse or collateral, effective July 1, 1992. For provisions of former section, see the 1991 NMSA on NMOneSource.com. PART 7 ADVICE OF INTERNATIONAL SIGHT DRAFT (Repealed by Laws 1992, ch. 114, § 237.)

Notes of Decisions
Cited in 2 cases, 1990–1998 · leading case: Sunwest Bank of Farmington v. Kennedy, 109 N.W. 400 (N.M. 1990).
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Sunwest Bank of Farmington v. Kennedy, 109 N.W. 400 (N.M. 1990). · cites it 6× “”); see also NMSA 1978, § 55-3-606; Western Bank v. Aqua Leisure, Ltd.”
Venaglia v. Kropinak, 956 P.2d 824 (N.M. Ct. App. 1998). · cites it 2× “See NMSA 1978, § 55-3-606(l)(a) (1961). As stated in official comment 3 to Section 55-3-605, the current version of Article 3 abolishes the reservation-of-rights doctrine.”
N.M. Stat. § 55-3-606(1): 1 case
Sunwest Bank of Farmington v. Kennedy, 109 N.W. 400 (N.M. 1990). “”); see also NMSA 1978, § 55-3-606; Western Bank v. Aqua Leisure, Ltd.”
N.M. Stat. § 55-3-606(l)(a): 1 case
Venaglia v. Kropinak, 956 P.2d 824 (N.M. Ct. App. 1998). “See NMSA 1978, § 55-3-606(l)(a) (1961). As stated in official comment 3 to Section 55-3-605, the current version of Article 3 abolishes the reservation-of-rights doctrine.”
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