New Mexico § 60-6B-3 Wholesaler's lien

New Mexico Statutes

§ 60-6B-3 — Wholesaler's lien

New Mexico § 60-6B-3

Ch. 60Business Licenses

Art. 6BLicense Provisions

This text of New Mexico § 60-6B-3 (Wholesaler's lien) 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. § 60-6B-3 (2026).

Text

The transfer, assignment, sale or lease of any license shall not be approved until the director is satisfied that all wholesalers who are creditors of the licensee have been paid or that satisfactory arrangements have been made between the licensee and the wholesaler for the payment of such debts. Such debts shall constitute a lien on the license, and the lien shall be deemed to have arisen on the date when the debt was originally incurred.

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The transfer, assignment, sale or lease of any license shall not be approved until the director is satisfied that all wholesalers who are creditors of the licensee have been paid or that satisfactory arrangements have been made between the licensee and the wholesaler for the payment of such debts. Such debts shall constitute a lien on the license, and the lien shall be deemed to have arisen on the date when the debt was originally incurred.

Legislative History

1978 Comp., § 60-6B-3, enacted by Laws 1991, ch. 257, § 2.

Nearby Sections

15

§ 60-1-1

Text

Legislative History

Nearby Sections

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