The purpose of this memorandum is to review certain reporting and disclosure requirements, and certain restrictions that may limit the disposition of securities of the company held by its officers, directors and principal shareholders, which are imposed by the Securities Act of 1933, the Securities and Exchange Act of 1934, and the rules of the Securities and Exchange Commission thereunder. This memorandum is prepared for the management of the company and should be treated as a confidential communication between the company and its counsel.
New Mexico Limitation on Disposition of Securities Memorandum
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The New Mexico Administrative Procedure Act is the law governing procedures for state administrative agencies to propose and issue regulations and provides for judicial review of agency adjudications and other final decisions in New Mexico. It can be found in Article 8, chapter 12 of the New Mexico Statutes.
The Administrative Law Division (ALD) administers the State Rules Act and certain provisions of the Public Records Act that govern the official filing of rules and publications produced by state agencies. Included in that responsibility, ALD regularly publishes newly adopted or amended rules in the New Mexico Register.
(1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.
The short-form citation of the NMAC is the title, chapter, part and section number separated by periods and followed by "NMAC". Example: 3.1. 3.8 NMAC D. Where a provision has been amended, the effective date shall be the effective date of the version that is being cited.
NMOneSource.com is the official legal research tool of the New Mexico courts and legislature. Search and retrieve annotated statutes and court rules, appellate court opinions, court forms, and more.
NMAC Rules are a special category of law written by state agencies to support, clarify, or implement specific statutes.
The New Mexico Administrative Code (NMAC) is the official collection of current rules (regulations) written and filed by state agencies to clarify and interpret laws passed by the Legislature.
The purposes of the Procurement Code are to provide for the fair and equitable treatment of all persons involved in public procurement, to maximize the purchasing value of public funds and to provide safeguards for maintaining a procurement system of quality and integrity.