A. Except as otherwise provided in Paragraph (1) of Subsection A of Section 5 [58-13A-5 NMSA 1978] of the Model State Commodity Code, no person shall offer to enter into, enter into or confirm the execution of any transaction for the delivery of any commodity under a commodity contract commonly known as a margin account, margin contract, leverage account or leverage contract, or under any contract, account, arrangement, scheme or device that serves the same function or functions or is marketed or managed in substantially the same manner as such account or contract.
B. No person shall sell or purchase or offer to sell or purchase any commodity under any other commodity contract or under any commodity option or offer to enter into or enter into as seller or purchaser any other commodity contract or any commodity option.
History: Laws 1985, ch. 163, § 3.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 67 Am. Jur. 2d Sales § 101.
58 C.J.S. Monopolies, §§ 29, 36-39, 45.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 13A - Model State Commodity Code
Section 58-13A-1 - Short title.
Section 58-13A-2 - Definitions.
Section 58-13A-3 - Unlawful commodity transactions.
Section 58-13A-4 - Exempt persons.
Section 58-13A-5 - Exempt transactions.
Section 58-13A-6 - Unlawful commodity activities.
Section 58-13A-7 - Fraudulent conduct.
Section 58-13A-8 - Liability of principals, controlling persons and others.
Section 58-13A-9 - Securities laws unaffected.
Section 58-13A-11 - Investigations.
Section 58-13A-12 - Enforcement.
Section 58-13A-13 - Power of court to grant relief.
Section 58-13A-14 - Criminal penalties.
Section 58-13A-15 - Administration.
Section 58-13A-16 - Cooperation with other agencies.
Section 58-13A-17 - General authority to adopt rules, forms and orders.
Section 58-13A-18 - Consent to service of process.
Section 58-13A-19 - Scope of the code.
Section 58-13A-20 - Procedure for entry of an order.