The provisions of this act [57-5-1 to 57-5-22 NMSA 1978] shall not prohibit fair and equitable adjustments or changes in any contract for pictures in any competitive situation between producers, distributors and exhibitors, provided the same is openly arrived at, and each exhibitor in a competitive situation is accorded the same treatment under like or similar conditions. The provisions of this section shall not apply to franchises in force at the time of the passage of this act.
History: Laws 1933, ch. 177, § 16; 1941 Comp., § 51-2716; 1953 Comp., § 49-5-16.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Compiler's notes. — The phrase "at the time of the passage of this act", referred to at the end of the section, means the time of the passage and approval of Laws 1933, Chapter 177, which was approved on March 17, 1933.
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