N.M. Stat. § 57-8-3

Current through 2024, ch. 69

Section 57-8-3 - Redemption value in cents to be shown

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 cash when duly presented to the company for redemption in a number having an aggregate cash value of not less than twenty-five cents [($.25)].

NMS § 57-8-3

1953 Comp., § 49-9-3, enacted by Laws 1959, ch. 79, § 3.