Any exchange company offering an exchange program to a purchaser shall be deemed to have made an irrevocable appointment of the commission to receive service of lawful process in any proceeding against the exchange company arising under the New Mexico Time Share Act.
History: Laws 1986, ch. 97, ยง 10.
Structure 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.