No proxy, power of attorney or similar device given by the purchaser of a time share regarding the management of the time share program or its facilities shall exceed one year in duration, but the same may be renewed from year to year.
History: Laws 1986, ch. 97, ยง 8.
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.