Brands recorded in accordance with the provisions of Section 77-9-10 [77-2-7.4] NMSA 1978 are personal property of the person in whose name they are recorded. Ownership may be transferred in the same manner as other personal property. The fee for recording a transfer of ownership with the director of the New Mexico livestock board shall be a sum fixed by the board not to exceed the amount prescribed by law.

History: Laws 1895, ch. 6, § 3; C.L. 1897, § 108; Code 1915, § 119; C.S. 1929, § 4-1405; 1941 Comp., § 49-905; 1953 Comp., § 47-9-5; Laws 1959, ch. 249, § 1; 1971, ch. 50, § 1; 1975, ch. 91, § 1; 1981, ch. 357, § 5; 1978 Comp., § 77-9-7, recompiled as 1978 Comp., § 77-2-7.1 by Laws 1999, ch. 282, § 103.

Recompilations. — Laws 1999, ch. 282, § 103 recompiled former 77-9-7 NMSA 1978, relating to change in ownership of brands and fees for transfer, as 77-2-7.1 NMSA 1978, effective July 1, 1999.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Laws 1999, ch. 282, § 13, recompiled former 77-9-10 NMSA 1978 as 77-2-7.4 NMSA 1978, effective July 1, 1999.

The 1999 amendment, effective July 1, 1999, recompiled former 77-9-7 NMSA 1978, which was assigned as this section.

The 1981 amendment substituted "the amount prescribed by law" for "fifteen dollars ($15.00)" in the last sentence.

A brand is personal property, and may be sold and transferred as other personal property. Chavez v. Territory, 1892-NMSC-014, 6 N.M. 455, 30 P. 903.