2018 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 8 - Trading Stamps
Section 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.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
At least one redemption center must be located within state. — It must be implied from the requirements set forth that each such company must have at least one redemption center located within the state of New Mexico. 1959-60 Op. Att'y Gen. No. 59-141.
Must redeem and provide for optional cash redemption within state. — A trading stamp company must redeem stamps in this state and must, in addition to offering to redeem for services or merchandise, provide for optional cash redemption in this state. 1959-60 Op. Att'y Gen. No. 59-141.
