A. If a retailer, dispenser, canopy licensee, restaurant licensee, club licensee or governmental licensee or its lessee discontinues business for any reason or the licensee dies, the stock of alcoholic beverages owned at the time of the discontinuation of business or the death of the licensee may be sold in whole or in part to any other retailer, dispenser, canopy licensee, restaurant licensee, club licensee or governmental licensee or its lessee or to a New Mexico wholesaler without the seller incurring criminal or civil liability under the provisions of the Liquor Control Act [60-3A-1 NMSA 1978].
B. If the stock of alcoholic beverages is sold under execution or attachment or by order of a court, the stock shall be sold only to other New Mexico retailers, dispensers, canopy licensees, restaurant licensees, club licensees, governmental licensees or their lessees or to a New Mexico wholesaler.
History: Laws 1981, ch. 39, § 75.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 45 Am. Jur. 2d Intoxicating Liquors § 115.
48 C.J.S. Intoxicating Liquors § 115.
Structure New Mexico Statutes
Chapter 60 - Business Licenses
Article 6B - License Provisions
Section 60-6B-1 - Persons prohibited from receiving or holding licenses.
Section 60-6B-2 - Applications.
Section 60-6B-3 - Wholesaler's lien.
Section 60-6B-4 - Issuance or transfer of license; approval of appropriate governing body.
Section 60-6B-5 - Expiration and renewal of licenses.
Section 60-6B-6 - Corporate licensees; limited partnership licensees; reporting.
Section 60-6B-7 - Cancellation of license for failure to engage in business.
Section 60-6B-9 - Discontinuance of business or death of licensee; judicial sales.
Section 60-6B-10 - Locations near church or school; restrictions on licensing.
Section 60-6B-12 - Inter-local option district and inter-county transfers.
Section 60-6B-14 - Canopy license definition.
Section 60-6B-16 - Special provisions for replacement of canopy licenses; transfer tax.
Section 60-6B-19 - Retailers and dispensers; segregated sales; table wines excepted.
Section 60-6B-20 - Licensed production facilities; alternating proprietorship.