A. Dealer plates are not transferable between dealers. B. Whenever a dealer ceases operation for any reason, the dealer shall surrender to the division any dealer plates issued to the dealer. History: 1953 Comp., § 64-3-404, enacted by Laws 1978, ch. 35, § 83; 1989, ch. 318, § 11; 2005, ch. 324, § 11; 2007, ch. 319, § 32. ANNOTATIONSThe 2007 amendment, effective June 15, 2007, provided that dealer plates are not transferable between dealers and that when a dealer ceases operation, the dealer shall surrender to the division the dealer plates issued to the dealer. The 2005 amendment, effective January 1, 2006, changed 'wrecker of vehicles' to 'auto recycler'. The 1989 amendment, effective July 1, 1989, deleted 'refund upon surrender' at the end of the catchline, and in Subsection B deleted 'theretofore' preceding 'issued' and also deleted the former second sentence which read: 'A refund covering the fees paid for the unexpired period of such plates prorated on a quarterly basis shall thereupon be made by the division.'
New Mexico Legal Code