The Securities Act of New Mexico shall apply to time shares deemed to be investment contracts or to other securities offered with or incident to a time share.
History: Laws 1986, ch. 97, § 11.
Compiler's notes. — The Securities Act of New Mexico, formerly 58-13-1 to 58-13-46 NMSA 1978, was repealed by Laws 1986, Chapter 7. Present comparable provisions are found in the New Mexico Securities Act of 1986, 58-13B-1 NMSA 1978 et seq.
Am. Jur. 2d, A.L.R. and C.J.S. references. — What is "investment contract" within meaning of § 2(1) of Securities Act of 1933 (15 USCS § 77b(1)) and § 3(a)(10) of Securities Exchange Act of 1934 (15 USCS § 78c(a)(10)), both defining term "security" as including investment contract, 134 A.L.R. Fed. 289.
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