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Current as of January 01, 2024 | Updated by Findlaw Staff
As used in the Emergency Petroleum Products Supply Act:
A. “petroleum products” means gasoline, aviation gasoline, kerosene, diesel fuels, heating oils, propane, butane and all other liquefied petroleum gases other than natural gasoline;
B. “supplier” means any person, except a small refiner, who sells, markets or distributes petroleum products in a refined state to any distributor in New Mexico;
C. “distributor” means any distributor, wholesaler, jobber, consignee, commission agent or other person, except a supplier's employee, who purchases or otherwise acquires possession of or an interest in petroleum products in New Mexico from a supplier for wholesale sale and not for retail sale or ultimate consumption;
D. “small refiner” means a refiner whose total refinery capacity, including the refinery capacity of any firm which controls, is controlled by or is under common control with such refiner, does not exceed fifty thousand barrels per day;
E. “monthly allocation” means the monthly amount of petroleum products sold or otherwise supplied to, for or in connection with a distributor in the same month of the calendar year next preceding the calendar year of the intended reduction or discontinuance. Reduction or increase in a monthly allocation shall not be considered in determining the monthly allocation for succeeding periods;
F. “to discontinue” means the failure or refusal to deliver a monthly allocation to a distributor for a period of six consecutive months unless such failure or refusal is the direct and proximate result of force majeure;
G. “to reduce” means the failure or refusal to deliver at least seventy-five percent of a monthly allocation to a distributor for a period of two consecutive months unless such failure or refusal is the direct and proximate result of force majeure; and
H. “force majeure” means an act of God or any other cause not reasonably within the control of the supplier.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 12. Miscellaneous Public Affairs Matters § 12-12-12. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-12-miscellaneous-public-affairs-matters/nm-st-sect-12-12-12/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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