Should any preference be made in favor of any creditor, other than in this chapter provided, such preference shall inure to the benefit of all creditors alike. History: Laws 1889, ch. 71, § 38; C.L. 1897, § 2864; Code 1915, § 320; C.S. 1929, § 7-147; 1941 Comp., § 23-147; 1953 Comp., § 27-1-47. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — The words 'in this chapter,' the first time they appear, were inserted by the 1915 Code compilers; the words 'this chapter,' the second time they appear, were substituted for 'this act.' Presumably, 'this chapter' refers to 56-9-1 to 56-9-55 NMSA 1978, whereas 'this act' refers only to Laws 1889, ch. 67, §§ 1 to 9, presently compiled as 56-9-1 to 56-9-9 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 6 Am. Jur. 2d Assignments for Benefit of Creditors §§ 69 to 74, 115 to 119. 6A C.J.S. Assignments for Benefit of Creditors §§ 9, 44, 45, 128.
New Mexico Legal Code