2017 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 9A - Unused Merchandise Ownership Protection
Section 57-9A-2 - Definitions.
57-9A-2. Definitions.
As used in the Unused Merchandise Ownership Protection Act:
A. "open market" may include a "swap meet", an "indoor swap meet" or a "flea market" and means an event at which two or more persons offer personal property for sale or exchange and either:
(1) a fee is charged for those persons selling or exchanging personal property or a fee is charged to the public for admission to the event; or
(2) the event is held more than six times in a twelve-month period;
B. "unused merchandise" means tangible personal property that, since its original production or manufacturing, has never been used or consumed and, if placed in a package or container, is still in its original and unopened package or container; and
C. "vendor of unused merchandise" means a person who offers unused merchandise for sale or exchange at an open market, except a person who offers five or less items of the same unused merchandise for sale or exchange at an open market.
History: Laws 1999, ch. 247, 2.
