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New Mexico · Through 2026-07-01

59A-35-18: Penalty for violation.

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Where this section sits in the code
  1. Chapter 59A - Insurance Code
  2. ARTICLE 35 Sale of Insurance Securities

Any person violating any of the following provisions of this article shall upon conviction thereof be guilty of a felony punishable by a fine of not less than five hundred dollars ($500) or more than twenty thousand dollars ($20,000):

A. Section 595 [59A-35-6 NMSA 1978] (registration of security, permit required);

B. Subsection B of Section 600 [59A-35-11 NMSA 1978] (terms of permit; compliance);

C. Section 601 [59A-35-12 NMSA 1978] (permit as inducement);

D. Section 602 [59A-35-13 NMSA 1978] (public announcements of offering); and

E. Section 605 [59-35-16 NMSA 1978] (securities salesmen, license required).

Collected 2026-09-03T15:02:20Z. Source file · JSON

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