New Mexico Statutes Chapter 55. Uniform Commercial Code § 55-12A-301. Saving clause

(1) a transaction, lien or interest in property that was validly entered into, created or transferred before January 1, 2024 and was not governed by the Uniform Commercial Code, but would be subject to Article 9 of the Uniform Commercial Code as amended by this 2023 act or Article 12 of the Uniform Commercial Code if it had been entered into, created or transferred on or after January 1, 2024, including the rights, duties and interests flowing from the transaction, lien or interest, remains valid on and after January 1, 2024; and

(2) the transaction, lien or interest may be terminated, completed, consummated and enforced as required or permitted by this 2023 act or by the law that would apply if this 2023 act had not taken effect.