Any person who violates any of the provisions of this act [57-11-1 to 57-11-13 NMSA 1978], any person who is a party to any agreement or understanding, or to any contract prescribing any condition prohibited by this act, and any employee, agent or officer of any such person who shall participate, in any manner, in making, executing, enforcing, performing or in urging, aiding or abetting in the performance of any such contract, condition, agreement or understanding and any person who pays or gives or contracts to pay or give anything or service of value prohibited by this act, and any person who receives or accepts or contracts to receive or accept anything or service of value prohibited by this act, shall be deemed guilty of a felony and upon conviction thereof shall be punished by a fine of not less than $50 [fifty dollars ($50.00)] nor more than $5,000 [five thousand dollars ($5,000)] or be imprisoned not less than six months nor more than one year, or by both such fine and imprisonment. Each day's violation of this provision shall constitute a separate offense.
History: Laws 1937, ch. 75, § 9; 1941 Comp., § 68-1609; 1953 Comp., § 64-31-9.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 11 - Financing of Automobile Sales
Section 57-11-1 - [Agreements restricting financing of sales to certain persons prohibited.]
Section 57-11-6 - [Violators of 57-11-5 NMSA 1978 forbidden to carry on business.]
Section 57-11-7 - [Suits or proceedings against violators of act.]
Section 57-11-9 - [Penalties.]
Section 57-11-10 - [Contract in violation of act void.]
Section 57-11-11 - [Provisions of act cumulative.]
Section 57-11-12 - [Action for damages by violation of act.]