Section 56-1-13 - Contracts executed prior to act

The provisions of this act [56-1-1 to 56-1-13 NMSA 1978] shall not invalidate or make unlawful retail installment contracts or retail charge agreements executed prior to the effective date hereof. History: 1953 Comp., § 50-16-13, enacted by Laws 1965, ch. 258, § 13. ANNOTATIONSCompiler's notes. — The phrase 'effective date hereof' at the end of the section refers to the effective date of Laws 1965, ch. 258, which was May 19, 1965. Severability. — Laws 1965, ch. 258, § 14, provided for the severability of the act if any part or application thereof is held invalid.