§ 57-10-1 Short title
§ 57-10-2 Definitions
§ 57-10-3 Licenses
§ 57-10-4 Application for license
§ 57-10-5 Examination and investigation; grounds for denial of license
§ 57-10-6 Issuance of license; conditions
§ 57-10-7 License fee; renewal
§ 57-10-8 Revocation of license
§ 57-10-9 Confidentiality requirements
§ 57-10-10 Applicability of Distress Sales Act
§ 57-10-11 Penalty
§ 57-10-12 Distribution of fees

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Terms Used In New Mexico Statutes > Chapter 57 > Article 10 - Distress Sales

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Oath: A promise to tell the truth.
  • 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.