The motor vehicle division of the taxation and revenue department may deny, suspend or revoke a dealer license for:
A. a material misrepresentation communicated by a dealer to the motor vehicle division;
B. a lack of fitness as proscribed by rule of the motor vehicle division; or
C. a willful violation of a federal or state law relating to the sale, distribution, financing, registration, taxing or insuring of motorboats.
History: Laws 2003, ch. 410, § 6.
Effective dates. — Laws 2003, ch. 410 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 20, 2003, 90 days after adjournment of the legislature.
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