It is unlawful for any person engaged in commerce to pay, grant, receive or accept anything of value as a commission, brokerage or other compensation, or any allowance or discount in lieu thereof, except for services rendered in connection with the sale or purchase of goods, wares or merchandise. It is unlawful for either party to the transaction to pay or grant anything of value as a commission, brokerage or other compensation, or any allowance or discount to the other party to the transaction or to any agent, representative or other intermediary acting for, on behalf of or subject to direct or indirect control of the other party to the transaction.
History: 1953 Comp., § 49-11-5, enacted by Laws 1961, ch. 229, § 5.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 54A Am. Jur. 2d Monopolies, Restraints of Trade and Unfair Trade Practices § 1070.
Validity, construction, and application of state statute forbidding unfair trade practice or competition by discriminatory allowance of rebates, commissions, discounts, or the like, 41 A.L.R.4th 675.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 14 - Price Discrimination
Section 57-14-1 - Short title.
Section 57-14-2 - Definitions.
Section 57-14-3 - Discrimination unlawful.
Section 57-14-4 - Meeting competitive price a defense.
Section 57-14-5 - Commissions and brokerages unlawful.
Section 57-14-6 - Customer discrimination.
Section 57-14-7 - Cooperatives exempt.