{"data":{"id":"us-nm/55-4-111","jurisdiction":"us-nm","citation":"55-4-111","heading":"Statute of limitations.","body":"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.\nOFFICIAL COMMENTS\nUCC Official Comments © by ALI \u0026 the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.\nThis 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.\"","path":["Chapter 55 - Uniform Commercial Code","ARTICLE 4 Bank Deposits and Collections"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18558/index.do","current_through":"2024-04-27","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"0b94cfe761bb23a05b34fdd133bb2b6ef8cbea6132d768cadc8e4eb99b52fdef","source_id":"us-nm","stale":false,"prev":"us-nm/55-4-110","next":"us-nm/55-4-201"},"notice":"GroundRules: Original legal text. Not legal advice."}