The commission shall not issue any license for a professional contest unless it is satisfied that the promoter is the real party in interest and intends to conduct, hold or give such contests himself, or unless the promoter receives at least twenty-five percent of the net receipts. A license may be revoked at any time if the commission finds that the promoter is not the real party in interest.
§ 60-2A-13 NMSA 1978
Real party in interest. (Repealed effective July 1, 2030.)
Known as the New Mexico Bingo and Raffle Act
The act spans §§ 60–60 (572 sections).
Laws 1980, ch. 90, § 13.
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.