Section 17-4-25 - [Diverse proprietorship; joint or separate licenses.]

NM Stat § 17-4-25 (2019) (N/A)
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In case of diverse proprietorship the license may be joint if the proprietors so elect, otherwise a separate license shall be required for each interest and the rights thereunder shall be coextensive with or in proportion to such interest.

History: Laws 1912, ch. 85, § 76; Code 1915, § 2499; C.S. 1929, § 57-318; 1941 Comp., § 43-424; 1953 Comp., § 53-4-24.