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§ 59A-35-18 NMSA 1978

Penalty for violation

Known as the Sale of Insurance Securities Law

The act spans §§ 59–59 (18 sections).

Laws 1984, ch. 127, § 607.

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).

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.