Statutes > New Mexico Statutes > Chapter 56 - Commercial Instruments and Transactions. > Article 8 - Money, Interest and Usury, 56-8-1 through 56-8-30. > Section 56-8-2 - Denominations to be reduced to lawful basis in actions.

Section 56-8-2 - Denominations to be reduced to lawful basis in actions.

56-8-2. [Denominations to be reduced to lawful basis in actions.]

The above section [56-8-1 NMSA 1978] shall not in any manner affect any demand in money of another denomination, but such demand in any suit or proceeding affecting the same shall be reduced to the above denomination.