Except as otherwise provided in Article 12[11A] [55-11A-101 to 55-11A-111 NMSA 1978], the old U.C.C. shall apply to any questions of priority if the positions of the parties were fixed prior to January 1, 1986. In other cases questions of priority shall be determined by the new U.C.C. History: 1978 Comp., § 55-12-107, enacted by Laws 1985, ch. 193, § 45; recompiled as § 55-11A-107 by Laws 2023, ch. 142, § 95. Recompilations. — Laws 2023, ch. 142, § 95 recompiled former 55-12-107 NMSA 1978 as 55-11A-107 NMSA 1978, effective January 1, 2024. Laws 2023, ch. 142, § 102 enacted a new 55-12-107 NMSA 1978, relating to governing law, effective January 1, 2024.
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