New Mexico Code § 56-15-16

Priority subject to subordination
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The Uniform Assignment of Rents Act does not preclude subordination by agreement as to rents or proceeds.
History: Laws 2011, ch. 141, § 16.
Effective dates. — Laws 2011, ch. 141, § 20 made §§ 1 through 19, the Uniform Assignment of Rents Act, effective January 1, 2012.

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