New Mexico Statutes
Part 2 - TRANSFER OF TITLE OR INTEREST
Section 66-3-125 - Restrictions upon licensees.

In addition to any requirements pursuant to Section 1 [66-4-10 NMSA 1978] of this 2018 act, a person licensed under the provisions of Sections 66-4-1 through 66-4-7 and 66-4-9 NMSA 1978 may, no earlier than thirty days after sending the dismantler's notification form as required by Section 66-3-123 NMSA 1978, proceed with the business of shredding, compacting, crushing or otherwise disposing of a vehicle purchased in accordance with the provisions of Sections 66-4-1 through 66-4-7 and 66-4-9 NMSA 1978; provided, however, dismantling of the vehicle may proceed immediately upon the sending of the dismantler's notification form.
History: 1953 Comp., § 64-3-125, enacted by Laws 1978, ch. 35, § 72; 1989, ch. 318, § 10; 2018, ch. 75, § 6.
Cross references. — For the penalty for violation of this section, see 66-4-9 NMSA 1978.
The 2018 amendment, effective January 1, 2019, clarified that the provisions of this section are in addition to provisions in the Motor Vehicle Code that require auto recyclers to electronically notify the department of all motor vehicle purchases and to verify with the department if the motor vehicle has been reported stolen by checking the electronic system established and maintained by the department, clarified certain statutory references, and made technical changes; and added "In addition to any requirements pursuant to Section 1 of this 2018 act", and after each occurrence of "66-4-1 through", added "66-4-7 and", and deleted "or motor vehicle" throughout the section.
The 1989 amendment, effective July 1, 1989, twice substituted "66-4-1 through 66-4-9 NMSA 1978" for "64-4-1 through 64-4-9 NMSA 1953", substituted "thirty days" for "five days" near the beginning of the section, substituted "66-3-123 NMSA 1978" for "64-3-123 NMSA 1953" near the middle of the section, and inserted "or motor vehicle" near the end of the section.

Structure New Mexico Statutes