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Home » US Law » 2021 New Mexico Statutes » Chapter 56 - Commercial Instruments and Transactions » Article 8 - Money, Interest and Usury » Section 56-8-2 – [Denominations to be reduced to lawful basis in actions.]

The above section [56-8-1 NMSA 1978] shall not in any manner affect any demand in money of another denomination, but such demand in any suit or proceeding affecting the same shall be reduced to the above denomination.

History: Laws 1851-1852, p. 254; C.L. 1865, ch. 79, § 2; C.L. 1884, § 1733; C.L. 1897, § 2549; Code 1915, § 3524; C.S. 1929, § 89-102; 1941 Comp., § 53-602; 1953 Comp., § 50-6-2.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Cross reference. — For the meaning of the words “above denomination” as referring to the dollar, cent and mill, see 56-8-1 NMSA 1978.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 58 C.J.S. Mines § 141.