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.
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 — The Securities Act of New Mexico, formerly 58-13-1 to 58-13-46 NMSA 1978, was repealed by Laws 1986, Chapter 7.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.
Structure 2021 New Mexico Statutes
Section 47-11-1 - Short title.
Section 47-11-2 - Definitions.
Section 47-11-3 - Time shares deemed real estate; partition.
Section 47-11-4 - Disclosure statement.
Section 47-11-5 - Purchaser's right to cancel; escrow; violation.
Section 47-11-7 - Time share proxy.
Section 47-11-8 - Exchange programs.
Section 47-11-9 - Service of process on exchange company.
Section 47-11-10 - Securities laws apply.
Section 47-11-11.2 - Disciplinary action by commission.