New Mexico Statutes Chapter 61. Professional and Occupational Licenses § 61-27B-28. License not transferable

A. A license or registration issued pursuant to the Private Investigations Act shall not be transferred or assigned.

B. The department shall adopt by rule procedures for changes in the name or management of a private investigation company or private patrol company. If the private investigation company or private patrol company fails to comply with the procedures established by department rule, the private investigation company or private patrol company shall be considered to be operating without a license.