Can you summarize Article 19, Chapter 30 NMSA?
The provided legal document content pertains to gambling activities in New Mexico. It defines various terms related to gambling and specifies exemptions to the definition of ‘bet’. The document establishes penalties for non-compliance or violation of its provisions, including petty misdemeanors for gambling activities and fourth degree felonies for commercial gambling. It also discusses the offense of permitting premises to be used for gambling, dealing in gambling devices, bribery of a participant in a contest, and other related topics.
Can you summarize Article 1A, Chapter 58 NMSA?
The provided legal document content covers three main areas related to consumer credit banks. Firstly, it governs credit card accounts between a domestic bank or consumer credit bank and a borrower. The laws of New Mexico and federal law, where applicable, apply to these accounts. The document allows the bank to modify the terms or conditions of the credit card account with prior written notice. Secondly, it governs the supervision fees for consumer credit banks in New Mexico.
Can you summarize Article 1A, Chapter 60 NMSA?
The Horse Racing Act is a comprehensive set of laws governing horse racing in New Mexico. It covers various aspects of horse racing, including definitions of terms, licensing requirements, powers and duties of the state racing commission, rules and regulations, classification of racetrack licenses, license applications and background investigations, requirements for racetrack licenses, secondary licenses for racetrack administration personnel, occupational licenses, qualifications for horse racing licenses, stewards’ powers and duties, equine health and testing advisor, testing of racehorses for prohibited substances, pari-mutuel wagering, simulcasting of horse races, interstate common pool wagering, retainage and distribution of retained amounts, daily capital outlay tax, New Mexico horse breeders’ association awards, penalties for violations, influencing horse races, administration of substances and use of prohibited devices, ejection or exclusion from racetrack grounds, termination of the state racing commission, and transition provisions for the commission.
Can you summarize Article 2, Chapter 58 NMSA?
The provided legal document content covers various aspects related to insurance of bank deposits in New Mexico. It grants the corporation acting as a receiver or liquidator the right and power to enforce the individual liability of stockholders and directors of banking institutions. The director of the financial institutions division is authorized to accept examinations and reports conducted by the federal deposit insurance corporation in lieu of state-required examinations and reports for banking institutions in New Mexico.
Can you summarize Article 28, Chapter 58 NMSA?
The Land Title Trust Fund Act governs the establishment and operation of the land title trust fund in New Mexico. The act defines various terms, including the land title trust fund advisory committee, depository institution, financial institutions division, eligible organization, fund, low-income persons, pooled interest-bearing transaction account, title company, and trustee. The act applies to the New Mexico mortgage finance authority, land title industry representatives, banking industry representatives, real estate industry representatives, mortgage lending industry representatives, title companies, depository institutions, and eligible organizations.
Can you summarize Article 2A, Chapter 55 NMSA?
These legal documents, found in the New Mexico Statutes Annotated 1978 under the Uniform Commercial Code and specifically in the Leases section, govern lease contracts and clauses within lease contracts. They provide definitions for various terms used in lease contracts and address issues related to the choice of law and forum, waiver or renunciation of claims, unconscionability, and the territorial application of the article to goods covered by a certificate of title.
Can you summarize Article 3, Chapter 55 NMSA?
The provided legal document content consists of multiple sections from the New Mexico Statutes Annotated 1978, specifically under the Uniform Commercial Code, focusing on the negotiation, transfer, and indorsement of negotiable instruments. It defines and explains various types of indorsements, such as special indorsement, blank indorsement, and anomalous indorsement. The documents also provide rules and guidelines for the use of restrictive indorsements and the limitations on payment, transfer, and negotiation of negotiable instruments.
Can you summarize Article 3, Chapter 58 NMSA?
The provision found in the New Mexico Statutes Annotated 1978 under the section on Financial Institutions and Regulations governs the payment of interest on accounts by state banks. It allows state banks to maintain time and savings deposit accounts and pay interest on balances at rates that do not need to be uniform. The director of the financial institutions division has the authority to set maximum rates of interest through general regulations.
Can you summarize Article 4, Chapter 55 NMSA?
The provided legal document content pertains to the Bank Deposits and Collections section of the New Mexico Statutes Annotated 1978 Uniform Commercial Code. This section governs the processes and regulations related to bank deposits and the collection of funds. It applies to banks and financial institutions that engage in the collection of deposits and the processing of checks and other negotiable instruments. The document does not mention any specific exemptions. The penalties for non-compliance or violation of the provisions in the Bank Deposits and Collections documents may vary depending on the specific circumstances and applicable laws.
Can you summarize Article 4, Chapter 56 NMSA?
The provided legal document content is from the Credit Card Act within the New Mexico Statutes Annotated 1978. The Act governs the liability of a cardholder for the unauthorized use of a credit card. According to the document, a cardholder is liable for unauthorized use only if certain conditions are met, such as the card being an accepted credit card, the liability not exceeding $50, the card issuer providing a toll-free number or other convenient method for reporting loss or theft, and the unauthorized use occurring before the cardholder notifies the issuer.