2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 13A: Model State Commodity Code, 58-13A-1 through 58-13A-22
Section 58-13A-3: Unlawful commodity transactions.
58-13A-3. Unlawful commodity transactions.
A. Except as otherwise provided in Paragraph (1) of Subsection A of Section 5 [58-13A-5 NMSA 1978] of the Model State Commodity Code, no person shall offer to enter into, enter into or confirm the execution of any transaction for the delivery of any commodity under a commodity contract commonly known as a margin account, margin contract, leverage account or leverage contract, or under any contract, account, arrangement, scheme or device that serves the same function or functions or is marketed or managed in substantially the same manner as such account or contract.
B. No person shall sell or purchase or offer to sell or purchase any commodity under any other commodity contract or under any commodity option or offer to enter into or enter into as seller or purchaser any other commodity contract or any commodity option.
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