New Mexico Statutes 61-37-6. Distributor license requirements; application and renewal requirements; fees
A. A person shall not distribute tobacco products from any location in the state without first obtaining a distributor license issued by the division to that person for that location.
Terms Used In New Mexico Statutes 61-37-6
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
B. An application for a distributor license or distributor license renewal shall be submitted on a form prescribed by the division and shall include:
(1) the name, telephone number, mailing address and email address of the applicant and:
(a) if the applicant is a firm, partnership or association, the name and address of each of its members contributing ten percent or more of the total value of contributions made to the firm, partnership or association and each member entitled to ten percent or more of the profits earned by the firm, partnership or association; or
(b) if the applicant is a corporation, the name and address of its registered agent, the names and addresses of all officers and directors and those stockholders owning ten percent or more of the voting stock of the corporation;
(2) the address of the applicant’s principal place of business and every location from which the applicant distributes tobacco products; and
(3) a nonrefundable application fee not to exceed seven hundred fifty dollars ($750) per location or a renewal fee not to exceed four hundred dollars ($400) per location.