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2017 New Mexico Statutes
Chapter 60 - Business Licenses
Article 6B - License Provisions
Section 60-6B-3 - Wholesaler's lien.
Universal Citation: NM Stat § 60-6B-3 (2017)
60-6B-3. Wholesaler's lien.
The transfer, assignment, sale or lease of any license shall not be approved until the director is satisfied that all wholesalers who are creditors of the licensee have been paid or that satisfactory arrangements have been made between the licensee and the wholesaler for the payment of such debts. Such debts shall constitute a lien on the license, and the lien shall be deemed to have arisen on the date when the debt was originally incurred.
History: 1978 Comp., 60-6B-3, enacted by Laws 1991, ch. 257, 2.
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