New Mexico § 7-5A-8 Limited binding and beneficial effect

New Mexico Statutes

§ 7-5A-8 — Limited binding and beneficial effect

New Mexico·Ch. 7 Taxation·Art. 5A Streamlined Sales and Use Tax Administration

A. The agreement binds and benefits only this state and other member states. Only a member state is an intended beneficiary of the agreement. A benefit to a person other than a member state is established by the law of this state and member states and not by the terms of the agreement. B. A person shall not:

(1)have a cause of action or a defense pursuant to the agreement; and (2) challenge an action or inaction of a department, agency, political subdivision or instrumentality of this state on the grounds that the action or inaction is not consistent with the agreement. C. A law of this state or the application of the law is valid despite the inconsistency of the law or its application with the agreement.

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A. The agreement binds and benefits only this state and other member states. Only a member state is an intended beneficiary of the agreement. A benefit to a person other than a member state is established by the law of this state and member states and not by the terms of the agreement. B. A person shall not: (1) have a cause of action or a defense pursuant to the agreement; and (2) challenge an action or inaction of a department, agency, political subdivision or instrumentality of this state on the grounds that the action or inaction is not consistent with the agreement. C. A law of this state or the application of the law is valid despite the inconsistency of the law or its application with the agreement.

New Mexico § 7-5A-8 (Limited binding and beneficial effect) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.