New Mexico Statutes
§ 57-13-3 — Prohibition; defenses excluded
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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Legislative History
1978 Comp., § 57-13-3, enacted by Laws 1987, ch. 100, § 3.
Nearby Sections
15
§ 57-1-1.1
Short title§ 57-1-1.2
Definition§ 57-1-10
District attorneys; enforcement§ 57-1-12
Limitations of actions§ 57-1-14
Remedies cumulative§ 57-1-15
Construction§ 57-1-16
[Lawful activities.]§ 57-1-17
Limitation on recovery of damages§ 57-1-19
[Violation of act; penalty.]§ 57-1-2
Monopolies