There is a newer version of the New Mexico Statutes
2014 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Section 10 Distress Sales
Section 57-10-6 Issuance of license; conditions.
NM Stat § 57-10-6 (2014) What's This?
57-10-6. Issuance of license; conditions.
If the application which has been submitted complies with the provisions of the Distress Sales Act [57-10-1 to 57-10-12 NMSA 1978] and if the required license fee has been paid, the municipal or county governing body shall issue the applicant a license to advertise and conduct the sale described in the application subject to the following conditions:
A. the sale shall be held at the place named in the application;
B. the sale shall be held by the licensee for a period of not more than ninety days following the date set forth in the license;
C. only goods, wares and merchandise included in the inventory attached to the application shall be displayed on the premises and sold at the sale;
D. the license shall be prominently displayed at the location of the sale at all times;
E. the licensee shall keep suitable books at the sale location which shall be open for inspection by the municipal or county governing body during normal business hours.
History: 1953 Comp., 49-14-6, enacted by Laws 1967, ch. 205, 6.
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