N.M. Admin. Code § 15.1.5.21

Current through Register Vol. 35, No. 21, November 5, 2024

Section 15.1.5.21 - LIMITED USE DISTRIBUTOR'S LICENSE; CONDITIONS

A limited use distributor's license is subject to the following conditions:

A. A limited use distributor shall not maintain an office or physical location within the state. If the limited use distributor opens an office or physical location within the state, the distributor shall apply to convert the license to a distributor's license pursuant to 15.1.5.21 NMAC.

B. A limited use distributor shall maintain an office or physical location in another jurisdiction and shall be in good standing with all applicable regulatory agencies within that jurisdiction and any jurisdiction where the limited use distributor is located.

C. A limited use distributor shall be limited to selling gaming machines and associated equipment to a person with a distributor's license issued by the board.

D. All gaming machines sold by a limited use distributor shall have been manufactured by a manufacturer licensed by the board, shall be approved for use in this state pursuant to all applicable board regulations, shall meet all technical standards established by the board and shall be compatible with the board's central monitoring system.

E. Both the limited use distributor and the licensed distributor purchasing gaming machines from the limited use distributor shall be responsible for compliance with all board rules relating to the sale, transportation, technical specifications and licensing of all gaming machines sold and purchased pursuant to the limited use distributor's license.

F. A limited use distributor's license shall not be subject to renewal.

N.M. Admin. Code § 15.1.5.21

11/30/98; 15.1.5.21 NMAC - Rn, 15 NMAC 1.5.21, 3/31/00; A, 10/15/00; A, 2/14/02; A, 5/14/04; A, 2/28/05; A, 5/15/07; A, 12/15/10, Adopted by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016