NMSA 58-13C-407. Succession and change in registration of broker-dealer

Broker-dealers and investment advisers can continue or succeed to registration by filing the required successor application or amendment, but material changes require a new application and a predecessor must withdraw within 45 days.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction: United States — New Mexico
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Updated: 12 Jul 2026
Official source: View official record ↗

broker-dealer registration change of control change of name change of organization investment adviser registration succession

Publicly available, excluded from search-engine indexing

This page remains available for direct access and API use, but this release emits noindex,follow for the following reason:

The record does not meet this release's canonical indexing criteria. (market-indexing-disabled)

Statute overview

About this statute

This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.

Read the provisions Ask with citations

Search within this statute

Search all stored provisions in this version.

Legal text

Provisions of NMSA 58-13C-407. Succession and change in registration of broker-dealer

Showing 1 of 1

58-13C-407
NMSA 58-13C-407. Succession and change in registration of broker-dealer
Verify source ↗

AI-assisted research summary: Broker-dealers and investment advisers can continue or succeed to registration by filing the required successor application or amendment, but material changes require a new application and a predecessor must withdraw within 45 days.

58-13C-407. Succession and change in registration of broker-dealer or investment adviser. A. A broker-dealer or investment adviser may succeed to the current registration of another broker-dealer or investment adviser or a notice filing of a federal covered investment adviser, and a federal covered investment adviser may succeed to the current registration of an investment adviser or notice filing of another federal covered investment adviser, by filing as a successor an application for registration pursuant to Section 401 [58-13C-401 NMSA 1978] or 403 [58-13C-403 NMSA 1978] of the New Mexico Uniform Securities Act or a notice pursuant to Section 405 [58-13C-405 NMSA 1978] of that act for the unexpired portion of the current registration or notice filing. B. A broker-dealer or investment adviser that changes its form of organization or state of incorporation or organization may continue its registration by filing an amendment to its registration if the change does not involve a material change in its financial condition or management. The amendment becomes effective when filed or on a date designated by the registrant in its filing. The new organization is a successor to the original registrant for the purposes of the New Mexico Uniform Securities Act. If there is a material change in financial condition or management, the broker-dealer or investment adviser shall file a new application for registration. A predecessor registered pursuant to the New Mexico Uniform Securities Act shall stop conducting its securities business other than winding down transactions and shall file for withdrawal of broker- dealer or investment adviser registration within forty-five days after filing its amendment to effect succession. C. A broker-dealer or investment adviser that changes its name may continue its registration by filing an amendment to its registration. The amendment becomes effective when filed or on a date designated by the registrant. D. A change of control of a broker-dealer or investment adviser may be made in accordance with a rule adopted or order issued pursuant to the New Mexico Uniform Securities Act. History: Laws 2009, ch. 82, § 407.

Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.

About this LexChat collection

Publisher and coverage

LexChat is published by Esheria. Coverage reflects the legislation currently mapped from identified source collections; it may be incomplete, delayed, or later corrected. The official source controls where it differs from this research page.

AI and research method

AI-generated material is explicitly labelled and published only through LexChat's quality controls. It is a research aid, not the source document.

Corrections and reporting

Report a source mismatch, factual issue, personal-data concern, or licensing question to support@esheria.co.ke. Include this page's URL and the supporting official source so the record can be reviewed, corrected, restricted, or withdrawn.

Legal-information disclaimer

LexChat provides legal information and research tools, not legal advice. Verify currency, status, citations, and jurisdiction with authoritative sources and a qualified professional where appropriate.

NMSA 58-13C-407. Succession and change in registration of broker-dealer

Publicly available, excluded from search-engine indexing

About this statute

Search within this statute

Provisions of NMSA 58-13C-407. Succession and change in registration of broker-dealer

Ask AI about this statute

Sign in to ask AI about this statute