This act, or any part thereof, may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a license hereunder; provided, that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful contract between any licensee and any borrower.
History: 1953 Comp., § 48-17-54, enacted by Laws 1955, ch. 128, § 25.
Compiler's notes. — For meaning of "this act", see notes following 58-15-1 NMSA 1978.
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