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

Section 55-12-111 - Temporary provision; effectiveness.

55-12-111. Temporary provision; effectiveness.

A document of title issued or a bailment that arises before the effective date of this act and the rights, obligations and interests flowing from that document or bailment are governed by any statute or other rule amended or repealed by this act as if amendment or repeal had not occurred and may be terminated, completed, consummated or enforced under that statute or other rule.