N.M. Stat. Ann. § 55-7-201
(b) If goods, including distilled spirits and agricultural commodities, are stored under a statute requiring a bond against withdrawal or a license for the issuance of receipts in the nature of warehouse receipts, a receipt issued for the goods is deemed to be a warehouse receipt even if issued by a person that is the owner of the goods and is not a warehouse.
OFFICIAL COMMENTS
History: 1953 Comp., § 50A-7-201, enacted by Laws 1961, ch. 96, § 7-201; 2005, ch. 144, § 57.
Repeals and reenactments. — Laws 2005, ch. 144, § 57 repealed former 55-7-201 NMSA 1978 as enacted by Laws 1961, ch. 96, § 7-201, and enacted a new section, effective January 1, 2006.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Commercial Code § 48; 68A Am. Jur. 2d Secured Transactions § 109; 78 Am. Jur. 2d Warehouses §§ 42, 44.
Uniform Warehouse Receipts Act as affecting liens on the property represented by the receipts, 61 A.L.R. 949.
Relationship of bailor and bailee as between owner of goods in bonded warehouse and proprietor of warehouse, 77 A.L.R. 1502.
Legal effect of transaction by which grain or other commodity is received for storage by one who has not complied with statutory conditions necessary to become public warehouseman, 108 A.L.R. 928.
Statutory warehousing as determined by character of property stored, 132 A.L.R. 532.
Validity of field warehousing, 133 A.L.R. 209.
Estoppel of owner who permits another to have possession of certificates or other evidences of title, of personal property endorsed in blank or otherwise showing ownership in possessor, to deny latter's authority to deal with, the property, 151 A.L.R. 690.
Warehouseman's liability for loss occasioned by failure to issue a proper receipt to depositor, 168 A.L.R. 945.
93 C.J.S. Warehousemen and Safe Depositaries § 17.