The purpose of the present act [61-16-3 to 61-16-17 NMSA 1978] is to regulate auction sales of jewelry in order to prevent fraud, deception and misrepresentation upon the buying public at such sales. It is to be construed liberally to effectuate this purpose.
History: Laws 1941, ch. 45, § 1; 1941 Comp., § 51-1503; 1953 Comp., § 67-13-3.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 7 Am. Jur. 2d Auctions and Auctioneers §§ 8, 46.
Jewelry auctions, regulation and licensing of, 53 A.L.R.2d 1433.
7A C.J.S. Auctions and Auctioneers §§ 3, 8, 27.