N.M. Admin. Code § 12.12.1.3

Current through Register Vol. 35, No. 23, December 10, 2024

Section 12.12.1.3 - STATUTORY AUTHORITY

A. Short title:These rules shall be known and may be cited as "Commodity Code Rules."

B. Authority:

(1) Introduction.Pursuant to the authority granted by the Model State Commodity Code, the director promulgates the following rules in order to carry out the provisions of the code.

(2) Public interest and investor protection.The director finds that the rules contained herein are in the public interest, necessary and appropriate for the protections of investors, and consistent with the purposes of the code.

(3) Severablility.If any provision of these rules be invalid, such invalidity shall not affect other provisions which can be given effect without the invalid provision, and to this end the provisions of these rules are declared severable.

N.M. Admin. Code § 12.12.1.3

CC 86-101 and CC 86-102, 10/3/86; Recompiled 10/15/01