New Mexico § 64-4-12 - Aircraft dealer's and specialized-use license
Full text of New Mexico New Mexico Statutes Annotated § 64-4-12 — Aircraft dealer's and specialized-use license, with citation guidance and answers to common questions.
§ 64-4-12. Aircraft dealer's and specialized-use license
Any dealer in new or used aircraft, or both, who holds such aircraft for resale and
operates them primarily for purposes incident to a resale, or owner or lessee of specialized-use
aircraft, may apply to the division for a dealer's or a specialized-use license. Upon such application, the division shall issue an aircraft dealer's or a specialized-use
license to the applicant for an annual fee of fifty dollars ($50.00). The dealer's or the specialized-use license shall be in lieu of all other licenses
and personal property taxes upon such aircraft owned or held for resale by the dealer
or specialized-use operator within this state so long as they are kept for specialized
use or for resale. This does not prohibit the registering of all such aircraft as otherwise provided
in the Aircraft Registration Act.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 64-4-12
What does New Mexico Statutes Annotated § 64-4-12 cover?
Section 64-4-12 ("Aircraft dealer's and specialized-use license") 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 § 64-4-12?
A common citation format is "New Mexico Statutes Annotated § 64-4-12" (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 § 64-4-12 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.