New Mexico § 57-13-3 Prohibition; defenses excluded

New Mexico Statutes

§ 57-13-3 — Prohibition; defenses excluded

New Mexico § 57-13-3

Ch. 57Trade Practices and Regulations

Art. 13Pyramid or Multilevel Sales

This text of New Mexico § 57-13-3 (Prohibition; defenses excluded) 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. § 57-13-3 (2026).

Text

A.A person shall not establish, operate, advertise or promote a pyramid promotional scheme.

B.A limitation as to the number of persons who may participate or the presence of additional conditions affecting eligibility for the opportunity to receive compensation under the plan or operation does not change the identity of the scheme as a pyramid promotional scheme nor is it a defense under this article that a participant, on giving consideration, obtains any goods, services or intangible property in addition to the right to receive compensation.

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A. A person shall not establish, operate, advertise or promote a pyramid promotional scheme. B. A limitation as to the number of persons who may participate or the presence of additional conditions affecting eligibility for the opportunity to receive compensation under the plan or operation does not change the identity of the scheme as a pyramid promotional scheme nor is it a defense under this article that a participant, on giving consideration, obtains any goods, services or intangible property in addition to the right to receive compensation.