A secondhand metal dealer shall not process or permit to be removed from the dealer's premises regulated material until at least twenty-four hours have elapsed since the dealer acquired the regulated material.
History: Laws 2008, ch. 29, § 11; 2012, ch. 29, § 10; 2012, ch. 33, § 10.
The 2012 amendment, effective July 1, 2012, reduced the waiting period for disposal of regulated material to twenty-four hours and after "regulated material until", deleted "the fifth business day after the date on which" and added "at least twenty-four hours have elapsed since".
Laws 2012, ch. 29, § 10 and Laws 2012, ch. 33, § 10 enacted identical amendments to this section. The section was set out as amended by Laws 2012, ch. 33, § 10. See 12-1-8 NMSA 1978.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 30 - Sale of Recycled Metals
Section 57-30-1 - Short title.
Section 57-30-2 - Definitions.
Section 57-30-2.1 - Issuance of registration; period of registration.
Section 57-30-2.2 - Secondhand metal dealers; registration required; application; fee.
Section 57-30-2.3 - Duties of secondhand metal dealers.
Section 57-30-2.4 - Restricted transactions; additional documentation required.
Section 57-30-3 - Notice to sellers.
Section 57-30-4 - Information provided by seller.
Section 57-30-5 - Record of purchase.
Section 57-30-6 - Preservation of records.
Section 57-30-7 - Inspection of records by peace officers; holds on property.
Section 57-30-8 - Furnishing of report to department.
Section 57-30-10 - Powers and duties of superintendent.
Section 57-30-11 - Waiting period for disposal of regulated material.
Section 57-30-12 - Prohibited acts.
Section 57-30-13 - Civil penalty; suspension or revocation of registration.