Section 55-2A-217 - Identification. - New Mexico Statutes

55-2A-217. Identification.

Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties.  In the absence of explicit agreement, identification occurs:   

(a)     when the lease contract is made if the lease contract is for a lease of goods that are existing and identified;   

(b)     when the goods are shipped, marked or otherwise designated by the lessor as goods to which the lease contract refers, if the lease contract is for a lease of goods that are not existing and identified; or   

(c)     when the young are conceived, if the lease contract is for a lease of unborn young of animals.