# N.M. Stat. § 37-1-3: Notes; written instruments; period of limitation; computation of period

> New Mexico · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-3

## Section

- **Citation:** N.M. Stat. § 37-1-3
- **Heading:** Notes; written instruments; period of limitation; computation of period
- **Jurisdiction:** New Mexico
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NM Code / Chapter 37 / Article 1 / Section 37-1-3

## Text

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.

## Nearby sections

- [N.M. Stat. § 37-1-1 § 37-1-1. Generally](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-1.md)
- [N.M. Stat. § 37-1-2 § 37-1-2. Judgments](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-2.md)
- [N.M. Stat. § 37-1-3 § 37-1-3. Notes; written instruments; period of limitation; computation of period](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-3.md)
- [N.M. Stat. § 37-1-4 § 37-1-4. Accounts and unwritten contracts; injuries to property; conversion; fraud; unspecified actions](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-4.md)
- [N.M. Stat. § 37-1-5 § 37-1-5. Actions for wage and hour violations](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-5.md)
- [N.M. Stat. § 37-1-6 § 37-1-6. Accrual of cause of action on open accounts](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-6.md)
- [N.M. Stat. § 37-1-7 § 37-1-7. Accrual of cause of actions for fraud or mistake, injuries or conversion of property](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-7.md)
- [N.M. Stat. § 37-1-8 § 37-1-8. Actions against sureties on fiduciary bonds; injuries to person or reputation](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-8.md)
- [N.M. Stat. § 37-1-9 § 37-1-9. Effect of absence from state or concealment of debtor](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-9.md)
- [N.M. Stat. § 37-1-10 § 37-1-10. Minors; incapacitated persons](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-10.md)
- [N.M. Stat. § 37-1-11 § 37-1-11. Effect of death](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-11.md)
- [N.M. Stat. § 37-1-12 § 37-1-12. When commencement of action stayed or prevented](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-12.md)
- [N.M. Stat. § 37-1-13 § 37-1-13. When action deemed commenced](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-13.md)
- [N.M. Stat. § 37-1-14 § 37-1-14. When second suit deemed continuation of first action](https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NM_C37_A1_S37-1-3. Check the current official text before relying on it. Not legal advice.