reglab/statecodes huggingface dataset:
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-9 - Repealed.

History:
Laws 1986, ch. 7, § 9; 2003, ch. 247, § 2; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-9 NMSA 1978, as enacted by Laws 1986, ch. 7, § 9, relating to annual registration fees, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-10 - Repealed.

History:
Laws 1986, ch. 7, § 10; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-10 NMSA 1978, as enacted by Laws 1986, ch. 7, § 10, relating to examination requirements, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-11 - Repealed.

History:
Laws 1986, ch. 7, § 11; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-11 NMSA 1978, as enacted by Laws 1986, ch. 7, § 11, relating to licensing, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-12 - Repealed.

History:
Laws 1986, ch. 7, § 12; 2004, ch. 79, § 1; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-12 NMSA 1978, as enacted by Laws 1986, ch. 7, § 12, relating to annual report and fee, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-13 - Repealed.

History:
Laws 1986, ch. 7, § 13; 1997, ch. 156, § 5; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-13 NMSA 1978, as enacted by Laws 1986, ch. 7, § 13, relating to post-licensing requirements, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-14 - Repealed.

History:
Laws 1986, ch. 7, § 14; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-14 NMSA 1978, as enacted by Laws 1986, ch. 7, § 14, relating to licensing of successor firms, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-15 - Repealed.

History:
Laws 1986, ch. 7, § 15; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-15 NMSA 1978, as enacted by Laws 1986, ch. 7, § 15, relating to inspection power, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-16 - Repealed.

History:
Laws 1986, ch. 7, § 16; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-16 NMSA 1978, as enacted by Laws 1986, ch. 7, § 16, relating to grounds for denial, revocation and suspension, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-17 - Repealed.

History:
Laws 1986, ch. 7, § 17; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-17 NMSA 1978, as enacted by Laws 1986, ch. 7, § 17, relating to denial, suspension or revocation on grounds of lack of qualification, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-18 - Repealed.

History:
Laws 1986, ch. 7, § 18; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-18 NMSA 1978, as enacted by Laws 1986, ch. 7, § 18, relating to application withdrawals, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-19 - Repealed.

History:
Laws 1986, ch. 7, § 19; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-19 NMSA 1978, as enacted by Laws 1986, ch. 7, § 19, relating to custody of clients' securities and funds, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-20 - Repealed.

History:
Laws 1986, ch. 7, § 20; 1997, ch. 156, § 6; Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-20 NMSA 1978, as enacted by Laws 1986, ch. 7, § 20, relating to registration requirements, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-21 - Repealed.

History:
Laws 1986, ch. 7, § 21; 1999, ch. 30, § 3; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-21 NMSA 1978, as enacted by Laws 1986, ch. 7, § 21, relating to registration by filing, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-22 - Repealed.

History:
Laws 1986, ch. 7, § 22; 1989, ch. 176, § 2; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-22 NMSA 1978, as enacted by Laws 1986, ch. 7, § 22, relating to registration by coordination, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-23 - Repealed.

History:
Laws 1986, ch. 7, § 23; 1989, ch. 176, § 3; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-23 NMSA 1978, as enacted by Laws 1986, ch. 7, § 23, relating to registration by qualification, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-24 - Repealed.

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.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-24 NMSA 1978, as enacted by Laws 1986, ch. 7, § 24, relating to provisions applicable to registration generally, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-25 - Repealed.

History:
Laws 1986, ch. 7, § 25; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-25 NMSA 1978, as enacted by Laws 1986, ch. 7, § 25, relating to denial, suspension and revocation of registration, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-26 - Repealed.

History:
Laws 1986, ch. 7, § 26; 1989, ch. 176, § 4; 1999, ch. 30, § 5; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-26 NMSA 1978, as enacted by Laws 1986, ch. 7, § 26, relating to exempt securities, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-27 - Repealed.

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.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-27 NMSA 1978, as enacted by Laws 1986, ch. 7, § 27, relating to exempt transactions, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-28 - Repealed.

History:
Laws 1986, ch. 7, § 28; 1989, ch. 176, § 6; 1997, ch. 156, § 8; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-28 NMSA 1978, as enacted by Laws 1986, ch. 7, § 28, relating to provisions applicable to exemptions generally, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-29 - Repealed.

History:
Laws 1986, ch. 7, § 29; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-29 NMSA 1978, as enacted by Laws 1986, ch. 7, § 29, relating to filing of sales and advertising literature, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-30 - Repealed.

History:
Laws 1986, ch. 7, § 30; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-30 NMSA 1978, as enacted by Laws 1986, ch. 7, § 30, relating to offers, sales and purchases, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-31 - Repealed.

History:
Laws 1986, ch. 7, § 31; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-31 NMSA 1978, as enacted by Laws 1986, ch. 7, § 31, relating to market manipulation, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-32 - Repealed.

History:
Laws 1986, ch. 7, § 32; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-32 NMSA 1978, as enacted by Laws 1986, ch. 7, § 32, relating to inside information, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-33 - Repealed.

History:
Laws 1986, ch. 7, § 33; 1999, ch. 30, § 7; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-33 NMSA 1978, as enacted by Laws 1986, ch. 7, § 33, relating to prohibited transactions by investment advisers and investment adviser representatives, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-34 - Repealed.

History:
Laws 1986, ch. 7, § 34; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-34 NMSA 1978, as enacted by Laws 1986, ch. 7, § 34, relating to misleading filings, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-35 - Repealed.

History:
Laws 1986, ch. 7, § 35; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-35 NMSA 1978, as enacted by Laws 1986, ch. 7, § 35, relating to unlawful representations concerning licensing, registration or exemption, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-36 - Repealed.

History:
Laws 1986, ch. 7, § 36; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-36 NMSA 1978, as enacted by Laws 1986, ch. 7, § 36, relating to investigations and subpoena power, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-37 - Repealed.

History:
Laws 1986, ch. 7, § 37; 1993, ch. 323, § 2; Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-37 NMSA 1978, as enacted by Laws 1986, ch. 7, § 37, relating to enforcement, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-38 - Repealed.

History:
Laws 1986, ch. 7, § 38; 1993, ch. 323, § 3; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-38 NMSA 1978, as enacted by Laws 1986, ch. 7, § 38, relating to power of court to grant relief, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-39 - Repealed.

History:
Laws 1986, ch. 7, § 39; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-39 NMSA 1978, as enacted by Laws 1986, ch. 7, § 39, relating to criminal penalties, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-40 - Repealed.

History:
Laws 1986, ch. 7, § 40; 1989, ch. 176, § 7; 1993, ch. 323, § 4; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-40 NMSA 1978, as enacted by Laws 1986, ch. 7, § 40, relating to civil liability, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-41 - Repealed.

History:
Laws 1986, ch. 7, § 41; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-41 NMSA 1978, as enacted by Laws 1986, ch. 7, § 41, relating to civil statute of limitations, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-42 - Repealed.

History:
Laws 1986, ch. 7, § 42; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-42 NMSA 1978, as enacted by Laws 1986, ch. 7, § 42, relating to rescission and settlement offers, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-43 - Repealed.

History:
Laws 1986, ch. 7, § 43; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-43 NMSA 1978, as enacted by Laws 1986, ch. 7, § 43, relating to general liability provisions, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-44 - Repealed.

History:
Laws 1986, ch. 7, § 44; 1987, ch. 298, § 4; 1989, ch. 176, § 8; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-44 NMSA 1978, as enacted by Laws 1986, ch. 7, § 44, relating to administration of act, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-45 - Repealed.

History:
Laws 1986, ch. 7, § 45; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-45 NMSA 1978, as enacted by Laws 1986, ch. 7, § 45, relating to prohibitions on use of information, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-46 - Repealed.

History:
Laws 1986, ch. 7, § 46; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-46 NMSA 1978, as enacted by Laws 1986, ch. 7, § 46, relating to public information confidentiality, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-47 - Repealed.

History:
Laws 1986, ch. 7, § 47; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-47 NMSA 1978, as enacted by Laws 1986, ch. 7, § 47, relating to cooperation with other agencies, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-48 - Repealed.

History:
Laws 1986, ch. 7, § 48; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-48 NMSA 1978, as enacted by Laws 1986, ch. 7, § 48, relating to rules, forms and orders, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-49 - Repealed.

History:
Laws 1986, ch. 7, § 49; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-49 NMSA 1978, as enacted by Laws 1986, ch. 7, § 49, relating to good faith reliance, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-50 - Repealed.

History:
Laws 1986, ch. 7, § 50; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-50 NMSA 1978, as enacted by Laws 1986, ch. 7, § 50, relating to consent to service of process, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-51 - Repealed.

History:
Laws 1986, ch. 7, § 51; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-51 NMSA 1978, as enacted by Laws 1986, ch. 7, § 51, relating to interpretative opinions, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-52 - Repealed.

History:
Laws 1986, ch. 7, § 52; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-52 NMSA 1978, as enacted by Laws 1986, ch. 7, § 52, relating to administrative files and records, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-53 - Repealed.

History:
Laws 1986, ch. 7, § 53; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-53 NMSA 1978, as enacted by Laws 1986, ch. 7, § 53, relating to administrative proceedings, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-54 - Repealed.

History:
Laws 1986, ch. 7, § 54; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-54 NMSA 1978, as enacted by Laws 1986, ch. 7, § 54, relating to scope of act, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-55 - Repealed.

History:
Laws 1986, ch. 7, § 55; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-55 NMSA 1978, as enacted by Laws 1986, ch. 7, § 55, relating to contract provisions, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-56 - Repealed.

History:
Laws 1986, ch. 7, § 56; 1998, ch. 55, § 56; 1999, ch. 265, § 60; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-56 NMSA 1978, as enacted by Laws 1986, ch. 7, § 56, relating to judicial review of orders, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13B - Securities Act of 1986 (Repealed.) › Section 58-13B-57 - Repealed.

History:
1978 Comp., § 58-13B-57, enacted by Laws 1989, ch. 176, § 9; repealed by Laws 2009, ch. 82, § 703.
ANNOTATIONS
Repeals.
— Laws 2009, ch. 82, § 703 repealed 58-13B-57 NMSA 1978, as enacted by Laws 1986, ch. 7, § 57, relating to the securities education and training fund, effective January 1, 2010. For provisions of the former section,
see
the 2009 NMSA 1978 on
NMOneSource.com.
For present comparable provisions,
see
the New Mexico Uniform Securities Act, 58-13C-101 to 58-13C-701 NMSA 1978.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 1 - General Provisions › Section 58-13C-101 - Short title.

Sections 101 through 701 [58-13C-101 to 58-13C-701 NMSA 1978] of this act may be cited as the "New Mexico Uniform Securities Act".
History:
Laws 2009, ch. 82, § 101.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.
Cross references.
— For disposition of unclaimed property,
see
7-8A-30 NMSA 1978.
For exemption of New Mexico business development corporation from Securities Act,
see
53-7-40 NMSA 1978.
For uniform jury instructions for securities offenses,
see
UJI 14-4301 NMRA.
Cases under prior law.
— The pre-2010 cases below were decided under the former New Mexico Securities Act of 1986, Chapter 58, Article 13B. Due to the similarities between the two laws, the case annotations have been retained and included as annotations to the New Mexico Uniform Securities Act.
Purpose of Act.
— The Securities Act, as a whole, has remedial purpose. It is comprehensive. Its extensive regulatory and administrative provisions are aimed at protecting investors against unfair, deceptive and fraudulent practices in the sale of securities.
State v. Kirby
, 2003-NMCA-074, 133 N.M. 782, 70 P.3d 772, cert. denied, 133 N.M. 727, 69 P.3d 237.
Corporate stock sold to employees subject to registration.
— Sales of corporate stock, either for cash or on credit, to employees of the issuing corporation, are subject to the registration provisions of this article. 1959 Op. Att'y Gen. No. 59-49.
Law reviews.
— For article, "A Survey of the Securities Act of New Mexico," see 2 N.M.L. Rev. 1 (1972).
For article, "The Use (or Abuse) of the Limited Partnership in Financing Real Estate Ventures in New Mexico," see 3 N.M.L. Rev. 251 (1973).
For comment, "Securities: Private Placements in New Mexico," see 7 N.M.L. Rev. 105 (1976-77).
For note, "State Securities Law: A Valuable Tool for Regulating Investment Land Sales," see 7 N.M.L. Rev. 265 (1977).
For case note, "The Paper Trail to Jail. State v. Sheets, 94 N.M. 356, 610 P.2d 760 (Ct. App.), cert. denied, 94 N.M. 675, 615 P.2d 992 (1980)," see 11 N.M.L. Rev. 254 (1981).
Am. Jur. 2d, A.L.R. and C.J.S. references. —
69A Am. Jur. 2d Securities Regulation - State § 1 et seq.
Commodities broker's state-law duties to customers, 55 A.L.R.4th 394.
Construction and application of pre-emption exemption, under Employee Retirement Income Security Act (29 USCS §§ 1001 et seq.), for state laws regulating insurance, banking, or securities (29 USCS § 1144(b)(2)), 87 A.L.R. Fed. 797.
Defense of ignorance of untruth or omission in civil action under § 12(2) of Securities Act of 1933 (15 USC § 771(2)), 109 A.L.R. Fed. 444.
"Bespeaks caution" doctrine under federal securities laws, 130 A.L.R. Fed 119.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 1 - General Provisions › Section 58-13C-103 - References to federal statutes.

As used in the New Mexico Uniform Securities Act, "Securities Act of 1933" (15 U.S.C. Section 77a, et seq.), "Securities Exchange Act of 1934" (15 U.S.C. Section 78a, et seq.), "Public Utility Holding Company Act of 1935" (15 U.S.C. Section 79, et seq.), "Investment Company Act of 1940" (15 U.S.C. Section 80a-1, et seq.), "Investment Advisers Act of 1940" (15 U.S.C. Section 80b-1, et seq.), "Employee Retirement Income Security Act of 1974" (29 U.S.C. Section 1001, et seq.), "National Housing Act" (12 U.S.C. Section 1701, et seq.), "Commodity Exchange Act" (7 U.S.C. Section 1, et seq.), "Internal Revenue Code of 1986" (26 U.S.C. Section 1, et seq.), "Securities Investor Protection Act of 1970" (15 U.S.C. Section 78aaa, et seq.), "Securities Litigation Uniform Standards Act of 1998" (112 Stat. 3227), "Small Business Investment Act of 1958" (15 U.S.C. Section 661, et seq.) and "Electronic Signatures in Global and National Commerce Act" (15 U.S.C. Section 7001, et seq.) mean those statutes and the rules and regulations adopted pursuant to those statutes as in effect on the date of enactment of the New Mexico Uniform Securities Act, or as later amended.
History:
Laws 2009, ch. 82, § 103.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 1 - General Provisions › Section 58-13C-104 - References to federal agencies.

A reference in the New Mexico Uniform Securities Act to an agency or department of the United States is also a reference to a successor agency or department.
History:
Laws 2009, ch. 82, § 104.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.
Cross references.
— For the federal Securities Exchange Act of 1934,
see
15 U.S.C. § 78a.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 1 - General Provisions › Section 58-13C-105 - Electronic records and signatures.

The New Mexico Uniform Securities Act modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act, but does not modify, limit or supersede Section 101(c) of that act (15 U.S.C. Section 7001(c)) or authorize electronic delivery of any of the notices described in Section 103(b) of that act (15 U.S.C. Section 7003(b)). The New Mexico Uniform Securities Act authorizes the filing of records and signatures, when specified by provisions of the New Mexico Uniform Securities Act or by a rule adopted or order issued pursuant to the New Mexico Uniform Securities Act, in a manner consistent with Section 104(a) of the federal Electronic Signatures in Global and National Commerce Act (15 U.S.C. Section 7004(a)).
History:
Laws 2009, ch. 82, § 105.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 2 - Exemptions from Registration of Securities › Section 58-13C-203 - Additional exemptions and waivers.

A rule adopted or order issued pursuant to the New Mexico Uniform Securities Act may exempt a security, transaction or offer; a rule pursuant to the New Mexico Uniform Securities Act may exempt a class of securities, transactions or offers from any or all of the requirements of Sections 301 [58-13C-301 NMSA 1978] through 306 [58-13C-306 NMSA 1978] and 504 [58-13C-504 NMSA 1978] of that act; and an order pursuant to the New Mexico Uniform Securities Act may waive, in whole or in part, any or all of the conditions for an exemption or offer pursuant to Sections 201 [58-13C-201 NMSA 1978] and 202 [58-13C-202 NMSA 1978] of that act. The director may by rule require notice of filing for any exemption contained in Section 201 or 202 of the New Mexico Uniform Securities Act and may require payment of a fee not to exceed three hundred fifty dollars ($350) for any such notice of filing, except that no fee shall be required for filing a notice of exemption pursuant to Subsection Y of Section 202 of that act.
History:
Laws 2009, ch. 82, § 203.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 2 - Exemptions from Registration of Securities › Section 58-13C-204 - Denial, suspension, revocation, condition or limitation of exemptions.

A. Except with respect to a federal covered security or a transaction involving a federal covered security, an order pursuant to the New Mexico Uniform Securities Act may deny, suspend application of, condition, limit or revoke an exemption created pursuant to Paragraph (4) of Subsection C of Section 201 [58-13C-201 NMSA 1978] of that act, Subsection G or H of Section 201 of that act or Section 202 [58-13C-202 NMSA 1978] of that act or an exemption or waiver created pursuant to Section 203 [58-13C-203 NMSA 1978] of that act with respect to a specific security, transaction or offer. An order pursuant to this section may be issued only pursuant to the procedures set forth in Subsection D of Section 306 [58-13C-306 NMSA 1978] or Section 604 [58-13C-604 NMSA 1978] of the New Mexico Uniform Securities Act and only prospectively.
B. A person does not violate Section 301 [58-13C-301 NMSA 1978], 303 [58-13C-303 NMSA 1978] through 306 [58-13C-306 NMSA 1978], 504 [58-13C-504 NMSA 1978] or 510 [58-13C-510 NMSA 1978] of the New Mexico Uniform Securities Act by an offer to sell, offer to purchase, sale or purchase effected after the entry of an order issued pursuant to this section if the person did not know, and in the exercise of reasonable care could not have known, of the order.
History:
Laws 2009, ch. 82, § 204.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.
Law reviews.
— For article, "A Survey of the Securities Act of New Mexico," see 2 N.M.L. Rev. 1 (1972).
Am. Jur. 2d, A.L.R. and C.J.S. references. —
69A Am. Jur. 2d Securities Regulation - State § 65 et seq.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 3 - Registration of Securities and Notice Filing of Federal Covered Securities › Section 58-13C-307 - Waiver and modification.

The director may waive or modify, in whole or in part, any or all of the requirements of Sections 302 [58-13C-302 NMSA 1978] and 303 [58-13C-303 NMSA 1978] of the New Mexico Uniform Securities Act and Subsection B of Section 304 [58-13C-304 NMSA 1978] of that act or the requirement of any information or record in a registration statement or in a periodic report filed pursuant to Subsection I of Section 305 [58-13C-305 NMSA 1978] of that act.
History:
Laws 2009, ch. 82, § 307.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 4 - Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives and Federal Covered Investment Advisers › Section 58-13C-405 - Federal covered investment adviser notice filing requirement.

A. Except with respect to a federal covered investment adviser described in Subsection B of this section, it is unlawful for a federal covered investment adviser to transact business in New Mexico as a federal covered investment adviser unless the federal covered investment adviser complies with Subsection C of this section.
B. The following federal covered investment advisers are not required to comply with Subsection C of this section:
(1) a federal covered investment adviser without a place of business in New Mexico if its only clients in New Mexico are:
(a) federal covered investment advisers, investment advisers registered pursuant to the New Mexico Uniform Securities Act and broker-dealers registered pursuant to that act;
(b) institutional investors;
(c) bona fide preexisting clients whose principal places of residence are not in New Mexico; or
(d) other clients specified by rule adopted or order issued pursuant to the New Mexico Uniform Securities Act;
(2) a federal covered investment adviser without a place of business in New Mexico if the person has had, during the preceding twelve months, not more than five clients that are residents in New Mexico in addition to those specified pursuant to Paragraph (1) of this subsection; and
(3) any other person excluded by rule adopted or order issued pursuant to the New Mexico Uniform Securities Act.
C. A person acting as a federal covered investment adviser not excluded pursuant to Subsection B of this section shall file a notice, a consent to service of process complying with Section 611 [58-13C-611 NMSA 1978] of the New Mexico Uniform Securities Act and such records as have been filed with the securities and exchange commission pursuant to the federal Investment Advisers Act of 1940 required by rule adopted or order issued pursuant to the New Mexico Uniform Securities Act and pay the fees specified in Subsection E of Section 410 [58-13C-410 NMSA 1978] of that act.
D. The notice pursuant to Subsection C of this section becomes effective upon its filing.
History:
Laws 2009, ch. 82, § 405.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.
2023 New Mexico Statutes › Chapter 58 - Financial Institutions and Regulations › Article 13C - New Mexico Uniform Securities › Article 4 - Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives and Federal Covered Investment Advisers › Section 58-13C-406 - Registration by broker-dealer, agent, investment adviser and investment adviser representative.

A. A person shall register as a broker-dealer, agent, investment adviser or investment adviser representative by filing an application and a consent to service of process complying with Section 611 [58-13C-611 NMSA 1978] of the New Mexico Uniform Securities Act and paying the fee specified in Section 410 [58-13C-410 NMSA 1978] of that act and any reasonable fees charged by the designee of the director for processing the filing. The application shall contain:
(1) the information or record required for the filing of a uniform application; and
(2) upon request by the director, any other financial or other information or record that the director determines is appropriate.
B. If the information or record contained in an application filed pursuant to Subsection A of this section is or becomes inaccurate or incomplete in a material respect, the registrant shall promptly file a correcting amendment.
C. If an order is not in effect or a proceeding is not pending pursuant to Section 412 [58-13C-412 NMSA 1978] of the New Mexico Uniform Securities Act, registration becomes effective at noon on the forty-fifth day after a completed application is filed, unless the registration is denied. A rule adopted or order issued pursuant to the New Mexico Uniform Securities Act may set an earlier effective date or may defer the effective date until noon on the forty-fifth day after the filing of any amendment completing the application.
D. A registration is effective until midnight on December 31 of the year for which the application for registration is filed. Unless an order is in effect pursuant to Section 412 of the New Mexico Uniform Securities Act, a registration may be automatically renewed each year by filing such records as are required by rule adopted or order issued pursuant to that act by paying the fee specified in Section 410 of that act and by paying costs charged by the designee of the director for processing the filings.
E. A rule adopted or order issued pursuant to the New Mexico Uniform Securities Act may impose such other conditions, not inconsistent with the federal National Securities Markets Improvement Act of 1996. An order issued pursuant to the New Mexico Uniform Securities Act may waive, in whole or in part, specific requirements in connection with registration as are in the public interest and for the protection of investors.
History:
Laws 2009, ch. 82, § 406.
ANNOTATIONS
Effective dates.
— Laws 2009, ch. 82, § 704 made the New Mexico Uniform Securities Act effective January 1, 2010.