This act [47-1A-1 to 47-1A-2 NMSA 1978] may be cited as the “Uniform Vendor and Purchaser Risk Act”. History: Laws 1997, ch. 36, § 1. ANNOTATIONS Effective dates. — Laws 1997, ch. 36, § 3 made the Uniform Vendor and Purchaser Risk Act effective July 1, 1997.
A contract made after the effective date of the Uniform Vendor and Purchaser Risk Act for the purchase and sale of real estate shall be interpreted as including an agreement that the parties shall have the following rights and duties, unless the contract expressly provides otherwise: A. if, when neither the legal title nor the […]
