State Codes and Statutes
Statutes > New-mexico > Chapter-58 > Article-13a > Section-58-13a-458-13A-4. Exempt persons.
The prohibition in Subsection B of Section 3 [58-13A-3 NMSA 1978] of the Model State Commodity Code shall not apply to any of the following persons, or any employee, officer or director thereof acting solely in that capacity:
A. a person registered with the commodity futures trading commission as a futures commission merchant or as a leverage transaction merchant whose activities require such registration;
B. a person registered with the securities and exchange commission as a broker-dealer whose activities require such registration;
C. a person affiliated with, and whose obligations and liabilities are guaranteed by, a person referred to in Subsection A or B of this section;
D. a person who is a member of a contract market designated by the commodity futures trading commission or any clearinghouse thereof;
E. a financial institution; or
F. a person registered under the laws of this state as a securities broker-dealer whose activities require such registration.
