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2017 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 8 - Trading Stamps
Section 57-8-3 - Redemption value in cents to be shown.
Universal Citation: NM Stat § 57-8-3 (2017)
57-8-3. [Redemption value in cents to be shown.]
No trading stamp company shall distribute trading stamps in this state or shall redeem trading stamps hereafter issued therein unless:
A. each stamp has legibly printed upon its face in cents or any fraction thereof a cash value determined by the company; and
B. the rightful holders may, at their option, redeem the stamps in cash when duly presented to the company for redemption in a number having an aggregate cash value of not less than twenty-five cents [($.25)].
History: 1953 Comp., 49-9-3, enacted by Laws 1959, ch. 79, 3.
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