Statutes > New Mexico Statutes > Chapter 56 - Commercial Instruments and Transactions. > Article 5 - Miscellaneous Provisions Relating to Commercial Instruments, 56-5-1 through 56-5-5. > Section 56-5-2 - Assignment without recourse.

Section 56-5-2 - Assignment without recourse.

56-5-2. Assignment without recourse.

Except as provided in the Uniform Commercial Code [Chapter 55, NMSA 1978], the assignor may discharge himself from liability to the assignee by specifying in the assignment that it is made without recourse.