2017 New Mexico Statutes
Chapter 60 - Business Licenses
Article 6B - License Provisions
Section 60-6B-9 - Discontinuance of business or death of licensee; judicial sales.
60-6B-9. Discontinuance of business or death of licensee; judicial sales.
A. If a retailer, dispenser, canopy licensee, restaurant licensee, club licensee or governmental licensee or its lessee discontinues business for any reason or the licensee dies, the stock of alcoholic beverages owned at the time of the discontinuation of business or the death of the licensee may be sold in whole or in part to any other retailer, dispenser, canopy licensee, restaurant licensee, club licensee or governmental licensee or its lessee or to a New Mexico wholesaler without the selling incurring criminal or civil liability under the provisions of the Liquor Control Act [60-3A-1 NMSA 1978].
B. If the stock of alcoholic beverages is sold under execution or attachment or by order of a court, the stock shall be sold only to other New Mexico retailers, dispensers, canopy licensees, restaurant licensees, club licensees, governmental licensees or their lessees or to a New Mexico wholesaler.
History: Laws 1981, ch. 39, 75.
