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2017 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 5 - Motion Pictures
Section 57-5-16 - Fair and equitable adjustments of contracts permitted.
Universal Citation: NM Stat § 57-5-16 (2017)
57-5-16. [Fair and equitable adjustments of contracts permitted.]
The provisions of this act [57-5-1 through 57-5-22 NMSA 1978] shall not prohibit fair and equitable adjustments or changes in any contract for pictures in any competitive situation between producers, distributors and exhibitors, provided the same is openly arrived at, and each exhibitor in a competitive situation is accorded the same treatment under like or similar conditions. The provisions of this section shall not apply to franchises in force at the time of the passage of this act.
History: Laws 1933, ch. 177, 16; 1941 Comp., 51-2716; 1953 Comp., 49-5-16.
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