A. The fee for any license issued pursuant to the Distress Sales Act shall be fifty dollars ($50.00) or 1/4 of 1% of the inventory cost value of the goods, wares or merchandise to be sold at the sale, whichever is more. In no case, however, shall the license fee exceed two hundred dollars ($200).
B. If during the period that the license is in effect it appears to the municipal or county governing body that all of the goods in the original inventory have not been sold, the municipal or county governing body may upon application and for good cause shown extend the license for a period not to exceed thirty days.
History: 1953 Comp., § 49-14-7, enacted by Laws 1967, ch. 205, § 7.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Section 57-10-1 - Short title.
Section 57-10-2 - Definitions.
Section 57-10-4 - Application for license.
Section 57-10-5 - Examination and investigation; grounds for denial of license.
Section 57-10-6 - Issuance of license; conditions.
Section 57-10-7 - License fee; renewal.
Section 57-10-8 - Revocation of license.
Section 57-10-9 - Confidentiality requirements.