A. Every person who, on January 1, 1963, was actively engaged in the business of compiling or furnishing abstracts of title to real estate within any county in this state, shall be exempt from the requirement of having a twenty-year abstract plant in order to conduct an abstracters [abstracter's] business in such county, provided that an abstract plant is maintained on a current basis, commencing July 1, 1963.
B. There shall be excluded from the provisions of Section 4 [47-4-4 NMSA 1978] all persons exclusively engaged in the preparation of abstracts using only the records of the bureau of land management, commissioner of public lands, and/or bureau of Indian affairs.
History: 1953 Comp., § 70-2-9, enacted by Laws 1963, ch. 307, § 5.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Abstracter's employee not engaged in compiling or furnishing abstracts. — An employee of a bonded abstracter on January 1, 1963, who was compiling abstracts for the bonded abstracter and which abstracts were furnished under the name and bond of his employer was not a person actively engaged in the business of compiling or furnishing abstracts within the meaning of this section so as to be exempt from the 20-year plant requirement, even though he might comply with the requirement that he has maintained an abstract plant on a current basis commencing July 1, 1963. 1966 Op. Att'y Gen. No. 66-86.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 1 Am. Jur. 2d Abstracts of Title § 1 et seq.
Right of abstracter to inspect or make copies of public records, 80 A.L.R. 760.
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