There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 22: Escrow Companies, 58-22-1 through 58-22-33
Section 58-22-16: Transferability.
NM Stat § 58-22-16 (1996 through 1st Sess 50th Legis) What's This?
58-22-16. Transferability.
An escrow agent license is not transferable or assignable. The provisions of this section apply to the change of ownership of any licensed escrow company, including the change of control over any corporation licensed as an escrow company. For purposes of this section, "change of control" means the transfer of twenty-five percent or more of the outstanding voting stock of the corporation.
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