New Mexico Statutes
N.M. Stat. § 55-9-113 (2026)
Superseded
✓ laws through the 2025 session (retrieved May 2026)
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ANNOTATIONS Compiler's notes. — Several sections of former Article 9 were not repealed, however, it appears that this may have been an oversight as these sections appear to have been superseded. The Official Comments to Section 9-110 (55-9-110 NMSA 1978) states that the source of Section 9-110 (55-9-110 NMSA 1978) is "former Section 9-113 (55-9- 113)".
Notes of Decisions
Cited in 2
cases, 1983–1988 · leading case: O'BRIEN v. Chandler, 765 P.2d 1165 (N.M. 1988).
O'BRIEN v. Chandler, 765 P.2d 1165 (N.M. 1988). “McCoy claims that he possessed such an interest by virtue of NMSA 1978, Section 55-9-113. That section provides: A security interest arising solely under the article on sales (Article 2) is subject to the provisions of this article except that to the extent that and so long as…”
State v. Woodward, 675 P.2d 1007 (N.M. Ct. App. 1983). “The formal requisites necessary to create a security interest in personal property where the debtor is in possession of the goods {see NMSA 1978, § 55-9-113), are detailed in Section 55-9-203(1).”
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