New Mexico Statutes 16-6-12. [Contracts; financial interest by commissioner; effect;
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penalty.] No commissioner shall either directly or indirectly be financially interested in any contract made by the commission and any such contract in which a commissioner shall be interested either directly or indirectly, shall be void. Any violation of the provisions of this article, shall be punishable by imprisonment in the state prison for one year.
Terms Used In New Mexico Statutes 16-6-12
- Contract: A legal written agreement that becomes binding when signed.