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New Mexico Statutes Chapter 7. Taxation § 7-5A-8. Limited binding and beneficial effect

Current as of January 01, 2024 | Updated by Findlaw Staff

A. The agreement binds and benefits only this state and other member states. Only a member state is an intended beneficiary of the agreement. A benefit to a person other than a member state is established by the law of this state and member states and not by the terms of the agreement.

B. A person shall not:

(1) have a cause of action or a defense pursuant to the agreement; and

(2) challenge an action or inaction of a department, agency, political subdivision or instrumentality of this state on the grounds that the action or inaction is not consistent with the agreement.

C. A law of this state or the application of the law is valid despite the inconsistency of the law or its application with the agreement.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-5A-8. Limited binding and beneficial effect - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-5a-8/

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