If a court finds that a provision of the Tobacco Escrow Fund Act N.M. Stat. Ann. § 6-4-14 to 6-4-24 and of Sections 6-4-12 and 6-4-13 N.M. Stat. Ann. conflict and cannot be harmonized, Sections 6-4-12 and 6-4-13 N.M. Stat. Ann. shall control. If a provision of the Tobacco Escrow Fund Act causes Sections 6-4-12 and 6-4-13 N.M. Stat. Ann. to no longer constitute a qualifying or model statute as those terms are defined in the master settlement agreement, that provision shall be invalid.

Terms Used In New Mexico Statutes 6-4-24

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
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