Statutes > New Mexico Statutes > Chapter 66 - Motor Vehicles. > Article 3 - Registration Laws; Security Interests; Anti-Theft Provisions; Bicycles; Equipment; Unsafe Vehicles; Off-Highway Motor Vehicles; Other Vehicles, 66-3-1 through 66-3-1103. > Section 66-3-2.3 - Proportional registration; jurisdictions.

Section 66-3-2.3 - Proportional registration; jurisdictions.

66-3-2.3. Proportional registration; jurisdictions.

The right to the privileges and benefits of proportional registration of fleet vehicles extended by Sections 65-1-13 through 65-1-23 NMSA 1978 or by any contract, agreement or declaration made accordingly shall be subject to the condition that each fleet vehicle proportionally registered in this state shall also be proportionally or otherwise properly registered in at least one other jurisdiction during the period for which it is proportionally registered in New Mexico or that each fleet vehicle be proportionally registered in New Mexico under the terms of a multistate agreement on registration of vehicles to which this state is a party.