New Mexico Statutes
§ 7-30-6 — Value may be determined by department; standard
The department may determine the value of products severed from a production unit when: A. the operator and purchaser are affiliated persons; B. the sale and purchase of products is not an arm's length transaction; or when C. products are severed and removed from a production unit and a value as defined in this act is not established for such products. The value determined by the department shall be commensurate with the actual price received for products of like quality, character and use which are severed in the same field or area.
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New Mexico § 7-30-6 (Value may be determined by department; standard) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 72-20-6, enacted by Laws 1959, ch. 53, § 6; 1989, ch. 130, § 7.
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