Chapter 58 — Chapter 58
1,014 sections in this chapter.
NMSA 1978, § 58-13A-16 Cooperation with other agencies
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A. To encourage uniform application and interpretation of the Model State Commodity Code and securities regulation and enforcement in general, the director and the employees of the director may cooperate, including bearing the expense of the cooperation, with the securities agenc…
NMSA 1978, § 58-13A-17 General authority to adopt rules, forms and orders
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A. In addition to specific authority granted elsewhere in the Model State Commodity Code, the director may make, amend and rescind rules, forms and orders as are necessary to carry out the provisions of that code. Such rules or forms shall include, but need not be limited to, the…
NMSA 1978, § 58-13A-18 Consent to service of process
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A. Every applicant for registration under the Model State Commodity Code shall file with the director, in such form as he by rule prescribes, an irrevocable consent appointing the director or his successor in office to be his attorney to receive service of any lawful process in a…
NMSA 1978, § 58-13A-19 Scope of the code
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A. (1) Sections 3, 6 and 7 [58-13A-3, 58-13A-6, 58-13A-7 NMSA 1978] of the Model State Commodity Code apply to persons who sell or offer to sell when: (a) an offer to sell is made in this state; or (b) an offer to buy is made and accepted in this state. (2) Sections 3, 6 and 7 of…
NMSA 1978, § 58-13A-2 Definitions
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As used in the Model State Commodity Code: A. "director" means the chief of the securities bureau of the financial institutions division of the regulation and licensing department; B. "Commodity Exchange Act" means the act of congress known as the Commodity Exchange Act, as amend…
NMSA 1978, § 58-13A-20 Procedure for entry of an order
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A. The director shall commence an administrative proceeding under the Model State Commodity Code by entering either a notice of intent to do a contemplated act or a summary order. The notice of intent or summary order may be entered without notice, without opportunity for hearing…
NMSA 1978, § 58-13A-21 Judicial review of orders
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A. Any person aggrieved by a final order of the director may obtain a review of the order in the district court pursuant to the provisions of Section 39-3-1.1 NMSA 1978. B. The filing of an appeal pursuant to Subsection A of this section does not, unless specifically ordered by t…
NMSA 1978, § 58-13A-22 Pleading exemptions
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It shall not be necessary to negate any of the exemptions of the Model State Commodity Code in any complaint, information or indictment, or any writ or proceeding brought under that code; and the burden of proof of any such exemption shall be upon the party claiming the same. His…
NMSA 1978, § 58-13A-3 Unlawful commodity transactions
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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 c…
NMSA 1978, § 58-13A-4 Exempt persons
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The prohibition in Subsection B of Section 3 [58-13A-3 NMSA 1978] of the Model State Commodity Code shall not apply to any of the following persons, or any employee, officer or director thereof acting solely in that capacity: A. a person registered with the commodity futures trad…
NMSA 1978, § 58-13A-5 Exempt transactions
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A. The prohibitions in Section 3 [58-13A-3 NMSA 1978] of the Model State Commodity Code shall not apply to the following: (1) a transaction within the exclusive jurisdiction of the commodity futures trading commission as granted under the Commodity Exchange Act; (2) a commodity c…
NMSA 1978, § 58-13A-6 Unlawful commodity activities
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A. No person shall engage in a trade or business or otherwise act as a commodity merchant unless such person: (1) is registered or temporarily licensed with the commodity futures trading commission for each activity constituting such person as a commodity merchant and such regist…
NMSA 1978, § 58-13A-7 Fraudulent conduct
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No person shall, directly or indirectly: A. cheat or defraud, or attempt to cheat or defraud, any other person or employ any device, scheme or artifice to defraud any other person; B. make any false report, enter any false record or make any untrue statement of a material fact or…
NMSA 1978, § 58-13A-8 Liability of principals, controlling persons and others
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A. The act, omission or failure of any official, agent or other person acting for any individual, association, partnership, corporation or trust within the scope of his employment or office shall be deemed the act, omission or failure of such individual, association, partnership,…
NMSA 1978, § 58-13A-9 Securities laws unaffected
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Nothing in the Model State Commodity Code shall impair, derogate or otherwise affect the authority or powers of the director under the Securities Act of New Mexico [repealed] or the application of any provision thereof to any person or transaction subject thereto. History: Laws 1…
NMSA 1978, § 58-13B-1 Repealed
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History: Laws 1986, ch. 7, § 1; 2003, ch. 247, § 1; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-10 Repealed
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History: Laws 1986, ch. 7, § 10; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-11 Repealed
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History: Laws 1986, ch. 7, § 11; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-12 Repealed
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History: Laws 1986, ch. 7, § 12; 2004, ch. 79, § 1; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-13 Repealed
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History: Laws 1986, ch. 7, § 13; 1997, ch. 156, § 5; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-14 Repealed
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History: Laws 1986, ch. 7, § 14; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-15 Repealed
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History: Laws 1986, ch. 7, § 15; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-16 Repealed
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History: Laws 1986, ch. 7, § 16; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-17 Repealed
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History: Laws 1986, ch. 7, § 17; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-18 Repealed
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History: Laws 1986, ch. 7, § 18; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-19 Repealed
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History: Laws 1986, ch. 7, § 19; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-2 Repealed
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History: Laws 1986, ch. 7, § 2; 1993, ch. 280, § 79; 1997, ch. 156, § 1; 1999, ch. 30, § 1; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-20 Repealed
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History: Laws 1986, ch. 7, § 20; 1997, ch. 156, § 6; Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-21 Repealed
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History: Laws 1986, ch. 7, § 21; 1999, ch. 30, § 3; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-22 Repealed
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History: Laws 1986, ch. 7, § 22; 1989, ch. 176, § 2; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-23 Repealed
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History: Laws 1986, ch. 7, § 23; 1989, ch. 176, § 3; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-24 Repealed
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History: Laws 1986, ch. 7, § 24; 1996, ch. 69, § 1; 1997, ch. 156, § 7; 1998, ch. 33, § 1; 1999, ch. 30, § 4; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-25 Repealed
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History: Laws 1986, ch. 7, § 25; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-26 Repealed
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History: Laws 1986, ch. 7, § 26; 1989, ch. 176, § 4; 1999, ch. 30, § 5; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-27 Repealed
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History: Laws 1986, ch. 7, § 27; 1989, ch. 176, § 5; 1993, ch. 280, § 80; 1993, ch. 323, § 1; 1998, ch. 104, § 2; 1999, ch. 30, § 6; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-28 Repealed
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History: Laws 1986, ch. 7, § 28; 1989, ch. 176, § 6; 1997, ch. 156, § 8; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-29 Repealed
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History: Laws 1986, ch. 7, § 29; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-3 Repealed
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History: Laws 1986, ch. 7, § 3; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-30 Repealed
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History: Laws 1986, ch. 7, § 30; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-31 Repealed
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History: Laws 1986, ch. 7, § 31; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-32 Repealed
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History: Laws 1986, ch. 7, § 32; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-33 Repealed
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History: Laws 1986, ch. 7, § 33; 1999, ch. 30, § 7; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-34 Repealed
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History: Laws 1986, ch. 7, § 34; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-35 Repealed
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History: Laws 1986, ch. 7, § 35; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-36 Repealed
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History: Laws 1986, ch. 7, § 36; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-37 Repealed
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History: Laws 1986, ch. 7, § 37; 1993, ch. 323, § 2; Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-38 Repealed
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History: Laws 1986, ch. 7, § 38; 1993, ch. 323, § 3; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-39 Repealed
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History: Laws 1986, ch. 7, § 39; repealed by Laws 2009, ch. 82, § 703.
NMSA 1978, § 58-13B-4 Repealed
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History: Laws 1986, ch. 7, § 4; 1989, ch. 176, § 1; repealed by Laws 2009, ch. 82, §
NMSA 1978, § 58-13B-40 Repealed
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History: Laws 1986, ch. 7, § 40; 1989, ch. 176, § 7; 1993, ch. 323, § 4; repealed by Laws 2009, ch. 82, § 703.