New Mexico § 60-1A-21 - Inability to receive or administer distributions; New Mexico horse breeders' association; New Mexico horsemen's association; commission authority; New Mexico-bred horse registry
Full text of New Mexico New Mexico Statutes Annotated § 60-1A-21 — Inability to receive or administer distributions; New Mexico horse breeders' association; New Mexico horsemen's association; commission authority; New Mexico-bred horse registry, with citation guidance and answers to common questions.
§ 60-1A-21. Inability to receive or administer distributions; New Mexico horse breeders' association; New Mexico horsemen's association; commission authority; New Mexico-bred horse registry
A. In the event that money allocated to the New Mexico horse breeders' association
pursuant to Section 60-1A-19 NMSA 1978 cannot be received or administered by the New Mexico horse breeders' association,
the commission or another organization designated by the commission and under the
absolute control of the commission shall receive and administer the money that is
allocated to be distributed by the New Mexico horse breeders' association pursuant
to Section 60-1A-24 NMSA 1978 . If the commission or its designee organization is required to receive, administer
and distribute money on behalf of the New Mexico horse breeders' association, the
maximum percentage of retainage from Paragraph (3) of Subsection D of Section 60-1A-24 NMSA 1978 shall be distributed by the commission to the New Mexico horse breeders' association
as a fee to certify the dam and stud of New Mexico-bred horses from the registry maintained
by the New Mexico horse breeders' association. B. In the event that money allocated to the New Mexico horsemen's association pursuant
to the Horse Racing Act cannot be received or administered by the New Mexico horsemen's
association, the commission or another organization designated by the commission and
under the absolute control of the commission shall receive and administer the money
that is allocated by Section 60-1A-19 NMSA 1978 to the New Mexico horsemen's association and distribute the money as required by Section 60-1A-19 NMSA 1978 .
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 60-1A-21
What does New Mexico Statutes Annotated § 60-1A-21 cover?
Section 60-1A-21 ("Inability to receive or administer distributions; New Mexico horse breeders' association; New Mexico horsemen's association; commission authority; New Mexico-bred horse registry") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 60-1A-21?
A common citation format is "New Mexico Statutes Annotated § 60-1A-21" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 60-1A-21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.