As used in this act [57-8-1 to 57-8-6 NMSA 1978]: A. the term “trading stamp” means any stamp or similar device issued in connection with the retail sale of merchandise or service, as a cash discount or for any other marketing purpose, which entitles the rightful holder, on its due presentation for redemption, to receive […]
No trading stamp company shall commit any fraud or shall make any false representation or shall resort to any lottery in distributing or redeeming trading stamps in this state. History: 1953 Comp., § 49-9-2, enacted by Laws 1959, ch. 79, § 2. ANNOTATIONS Bracketed material. — The bracketed material was inserted by the compiler and […]
No trading stamp company shall distribute trading stamps in this state or shall redeem trading stamps hereafter issued therein unless: A. each stamp has legibly printed upon its face in cents or any fraction thereof a cash value determined by the company; and B. the rightful holders may, at their option, redeem the stamps in […]
No trading stamp company shall distribute trading stamps in this state or shall redeem trading stamps hereafter issued therein until it has filed with the secretary of state: A. a statement of registration accompanied by representative samples of its stamps, stamp collection books, stamp redemption catalogues and stamp distribution and redemption agreement forms currently used […]
No trading stamp company shall cease or suspend the redemption of trading stamps in this state without filing with the secretary of state at least ninety days’ prior written notice of its intention so to do and concurrently mailing a copy of such notice to each retailer within this state which has at any time […]
Any person violating any provision of this act [57-8-1 to 57-8-6 NMSA 1978] shall be punished by a fine of not more than five thousand dollars ($5,000), and the district court shall have jurisdiction in equity on the complaint of the secretary of state, the attorney general or any rightful holder of stamps of the […]
