The Uniform Assignment of Rents Act does not preclude subordination by agreement as to rents or proceeds.
§ 56-15-16 NMSA 1978
Priority subject to subordination
Known as the Uniform Assignment of Rents Act
The act spans §§ 56–56 (19 sections).
Laws 2011, ch. 141, § 16.
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.