The provisions of Laws 1961, Chapter 96, Section 10-102, Subsection (2), shall continue to apply to the new U.C.C. and for this purpose the old U.C.C. and the new U.C.C. shall be considered one continuous statute.History: 1978 Comp., § 55-12-102, enacted by Laws 1985, ch. 193, § 40; recompiled as § 55-11A-102 by Laws 2023, ch. 142, § 95. ANNOTATIONSRecompilations. — Laws 2023, ch. 142, § 95 recompiled former 55-12-102 NMSA 1978 as 55-11A-102 NMSA 1978, effective January 1, 2024. Laws 2023, ch. 142, § 97 enacted a new 55-12-102 NMSA 1978, relating to definitions, effective January 1, 2024.Compiler's notes. — Laws 1961, Chapter 96, Section 10-102, Subsection (2), referred to near the beginning of this section, provides that the act does not apply to transactions entered prior to the act's effective date. Section 10-101 of ch. 96 makes the Uniform Commercial Code effective on January 1, 1962.
New Mexico Legal Code