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2020 New Mexico Statutes
Chapter 47 - Property Law
Article 11 - Time Shares
Section 47-11-10 - Securities laws apply.

Universal Citation:
NM Stat § 47-11-10 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

The Securities Act of New Mexico shall apply to time shares deemed to be investment contracts or to other securities offered with or incident to a time share.

History: Laws 1986, ch. 97, § 11.

ANNOTATIONS

Compiler's notes. — The Securities Act of New Mexico, formerly 58-13-1 to 58-13-46 NMSA 1978, was repealed by Laws 1986, Chapter 7. Present comparable provisions are found in the New Mexico Securities Act of 1986, 58-13B-1 NMSA 1978 et seq.

Am. Jur. 2d, A.L.R. and C.J.S. references. — What is "investment contract" within meaning of § 2(1) of Securities Act of 1933 (15 USCS § 77b(1)) and § 3(a)(10) of Securities Exchange Act of 1934 (15 USCS § 78c(a)(10)), both defining term "security" as including investment contract, 134 A.L.R. Fed. 289.

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