The affixing of a seal to a record evidencing a lease contract or an offer to enter into a lease contract does not render the record a sealed instrument, and the law with respect to sealed instruments does not apply to the lease contract or offer.
UCC Official Comments © by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.
Uniform Statutory Source. — Section 2-203 [ 55-2-203 NMSA 1978].
Changes. — Revised to reflect leasing practices and terminology. In furtherance of medium neutrality, the references to a "writing" have been changed to refer to a "record."
"Lease contract". Section 2A-103(1)(l) [ 55-2A-103 NMSA 1978].
"Writing". Section 1-201(46) [ 55-1-201 NMSA 1978].