Any person violating any of the following provisions of this article shall upon conviction thereof be guilty of a felony punishable by a fine of not less than five hundred dollars ($500) or more than twenty thousand dollars ($20,000):
A. Section 595 [59A-35-6 NMSA 1978] (registration of security, permit required);
B. Subsection B of Section 600 [59A-35-11 NMSA 1978] (terms of permit; compliance);
C. Section 601 [59A-35-12 NMSA 1978] (permit as inducement);
D. Section 602 [59A-35-13 NMSA 1978] (public announcements of offering); and
E. Section 605 [59-35-16 NMSA 1978] (securities salesmen, license required).
History: Laws 1984, ch. 127, § 607.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 44 C.J.S. Insurance §§ 96, 97.
Structure New Mexico Statutes
Article 35 - Sale of Insurance Securities
Section 59A-35-1 - Short title.
Section 59A-35-2 - Scope of article.
Section 59A-35-3 - "Security" defined.
Section 59A-35-4 - "Affiliate" defined.
Section 59A-35-5 - "Promoter" defined.
Section 59A-35-6 - Registration of security; permit required.
Section 59A-35-7 - Exemptions.
Section 59A-35-8 - Registration procedure.
Section 59A-35-9 - Registration fee.
Section 59A-35-10 - Issuance, denial of permit.
Section 59A-35-11 - Terms of permit; compliance.
Section 59A-35-12 - Permit as inducement.
Section 59A-35-13 - Public announcements of offering.
Section 59A-35-14 - Modification, revocation of permit.
Section 59A-35-15 - Exclusive jurisdiction.
Section 59A-35-16 - Securities salespersons, license required.
Section 59A-35-17 - Qualifications, procedure for security salesperson license.