New Mexico § 57-3C-4 Administration of act

New Mexico Statutes

§ 57-3C-4 — Administration of act

New Mexico § 57-3C-4

Ch. 57Trade Practices and Regulations

Art. 3CPatents and Copyrights

This text of New Mexico § 57-3C-4 (Administration of act) 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. § 57-3C-4 (2026).

Text

The department shall: A. be responsible for the administration of the Patent and Copyright Act; B. promulgate rules pursuant to the Patent and Copyright Act; C. apply, on behalf of the state, for the patent protection or registration of copyright and pay the associated expenses; D. share with the inventor, after expenses, fifty percent of the income collected on the invention or work; and E. determine, after a cost-benefit analysis, whether to retain the patent or copyright for the state.

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The department shall: A. be responsible for the administration of the Patent and Copyright Act; B. promulgate rules pursuant to the Patent and Copyright Act; C. apply, on behalf of the state, for the patent protection or registration of copyright and pay the associated expenses; D. share with the inventor, after expenses, fifty percent of the income collected on the invention or work; and E. determine, after a cost-benefit analysis, whether to retain the patent or copyright for the state.