Statutes > New Mexico Statutes > Chapter 55 - Uniform Commercial Code. > Article 12 - Effective Date and Transition Provisions, 55-12-101 through 55-12-111. > Section 55-12-110 - Temporary provision; effectiveness.

Section 55-12-110 - Temporary provision; effectiveness.

55-12-110. Temporary provision; effectiveness.

This act applies to a document of title that is issued or a bailment that arises on or after the effective date of this act.  This act does not apply to a document of title that is issued or a bailment that arises before the effective date of this act even if the document of title or bailment would be subject to this act if the document of title had been issued or bailment had arisen on or after the effective date of this act.  This act does not apply to a right of action regarding a document of title or bailment that has accrued before the effective date of this act.