New Mexico Statutes

§ 56-7-2 — Oil, gas or water wells and mineral mines; agreements,

New Mexico § 56-7-2
JurisdictionNew Mexico
Ch. 56Commercial Instruments and Transactions
Art. 7Indemnity Agreements

This text of New Mexico § 56-7-2 (Oil, gas or water wells and mineral mines; agreements,) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 56-7-2 (2026).

Text

covenants and promises to indemnify void. A. An agreement, covenant or promise, foreign or domestic, contained in, collateral to or affecting an agreement pertaining to a well for oil, gas or water, or mine for a mineral, within New Mexico, that purports to indemnify the indemnitee against loss or liability for damages arising from the circumstances specified in Paragraph (1), (2) or (3) of this subsection is against public policy and is void:

(1)the sole or concurrent negligence of the indemnitee or the agents or employees of the indemnitee;
(2)the sole or concurrent negligence of an independent contractor who is directly responsible to the indemnitee; or (3) an accident that occurs in operations carried on at the direction or under the supervision of the indemnitee, an employee or repr

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Legislative History

1953 Comp., § 28-2-2, enacted by Laws 1971, ch. 205, § 1; 1999, ch. 162, § 1;

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Bluebook (online)
New Mexico § 56-7-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/56-7-2.