Public-domain · open source
OpenJurist

§ 55-4-111 NMSA 1978

Statute of limitations

Known as the Uniform Commercial Code

The act spans §§ 55-1-101 to 55-9-809 (591 sections).

1978 Comp., § 55-4-111, enacted by Laws 1992, ch. 114, § 166.

An action to enforce an obligation, duty or right arising under this article must be commenced within three years after the cause of action accrues.

UCC Official Comments © by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.

This section conforms to the period of limitations set by Section 3-118(g) [ 55-3-118 NMSA 1978] for actions for breach of warranty and to enforce other obligations, duties or rights arising under Article 3. Bracketing "cause of action" recognizes that some states use a different term, such as "claim for relief."

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.