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2013 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 22 - Escrow Companies
Section 58-22-16 - Transferability. (1987)


NM Stat § 58-22-16 (2013) What's This?

58-22-16. Transferability. (1987) 
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.   
  History: Laws 1983, ch. 135, § 16; 1987, ch. 120, § 4. 

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