GroundRules
56-5-2: Assignment without recourse.
Where this section sits in the code
- Chapter 56 - Commercial Instruments and Transactions
- ARTICLE 5 Miscellaneous Provisions Relating to Commercial Instruments
Except as provided in the Uniform Commercial Code [Chapter 55, NMSA 1978], the assignor may discharge himself from liability to the assignee by specifying in the assignment that it is made without recourse.
Collected 2026-09-03T15:02:20Z. Source file · JSON