New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 6 - BUSINESS PRACTICES - UNIFORM COMMERCIAL CODE
Part 2 - FILING PROVISIONS
Section 12.6.2.136 - CONTINUATION
Universal Citation: 12 NM Admin Code 12.6.2.136
Current through Register Vol. 35, No. 18, September 24, 2024
A. Continuation of lapse date. Upon the timely filing of one or more continuations by any secured party(ies) of record, the lapse date of the financing statement shall be postponed for five years.
B. Status of parties. The filing of a continuation shall have no effect upon the status of any party to the financing statement.
C. Status of financing statement. Upon the timely filing of a continuation statement, the status of the financing statement remains active.
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