Delay by the secretary of state beyond the time limits prescribed in Section 55-9-519 NMSA 1978 and Section 55-9-523 NMSA 1978 is excused if:

1. (1) the delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, lack of appropriations or other circumstances beyond control of the secretary of state; and

2. (2) the secretary of state exercises reasonable diligence under the circumstances.

   OFFICIAL COMMENTS

3. UCC Official Comments © by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.
4. Source. New; derived from section 4-109.

History: 1978 Comp., § 55-9-524, enacted by Laws 2001, ch. 139, § 95.

ANNOTATIONS

Effective dates. — Laws 2001, ch. 139, § 155 makes the act effective July 1, 2001.