Section 30-36-3 - Purpose. - New Mexico Statutes

30-36-3. Purpose.

It is the purpose of the Worthless Check Act [30-36-1 NMSA 1978] to remedy the evil of giving checks on a bank without first providing funds in or credit with the depository on which they are made or drawn to pay or satisfy the same, which tends to create the circulation of worthless checks on banks, bad banking, check kiting and mischief to trade and commerce.