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New Mexico · Through 2024-04-26

56-9-32: [Rejected claim; right to bring action; limitation.]

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Where this section sits in the code
  1. Chapter 56 - Commercial Instruments and Transactions
  2. ARTICLE 9 Transfers to Prefer Creditors - Voluntary Assignments

If, within thirty days after the same is rejected, the party owning said claim does not prosecute his action against the assignee in a court of competent jurisdiction, a recovery upon said claim or demand shall be forever barred. If the plaintiff's cause of action be dismissed at the instance of the defendant other than on its merits, the plaintiff shall have thirty days from the date of such dismissal to bring a new suit.

Collected 2026-09-03T15:02:20Z. Source file · JSON

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