New Mexico § 37-1-3 - Notes; written instruments; period of limitation; computation of period
Full text of New Mexico New Mexico Statutes Annotated § 37-1-3 — Notes; written instruments; period of limitation; computation of period, with citation guidance and answers to common questions.
§ 37-1-3. Notes; written instruments; period of limitation; computation of period
A. Actions founded upon any bond, promissory note, bill of exchange or other contract
in writing shall be brought within six years. If the payee of any bond, promissory note, bill of exchange or other contract in writing
enters into any contract or agreement in writing to defer the payment thereof, or
contracts or agrees not to assert any claim against the payor or against the assets
of the payor until the happening of some contingency, the time during the period from
the execution of the contract or agreement and the happening of the contingency shall
not be included in computing the six-year period of limitation provided in this subsection. B. Actions against any banking or financial organization subject to the provisions
of the Uniform Unclaimed Property Act (1995) founded upon a bill of exchange shall
be brought within ten years. C. Actions founded upon a traveler's check shall be brought within fifteen years.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 37-1-3
What does New Mexico Statutes Annotated § 37-1-3 cover?
Section 37-1-3 ("Notes; written instruments; period of limitation; computation of period") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 37-1-3?
A common citation format is "New Mexico Statutes Annotated § 37-1-3" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 37-1-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.