It is the purpose of the Worthless Check Act to remedy the evil of giving checks on a bank without first providing funds in or credit with the depository on which they are made or drawn to pay or satisfy the same, which tends to create the circulation of worthless checks on banks, bad banking, check kiting and mischief to trade and commerce.
§ 30-36-3 NMSA 1978
Purpose
Known as the Worthless Check Act
The act spans §§ 30–30 (10 sections).
1953 Comp., § 40-49-3, enacted by Laws 1963, ch. 315, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.