55-2A-203: Seals inoperative.

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.

OFFICIAL COMMENTS

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].