Section 77-9-22 - Bills of sale; requirements; evidence of larceny. - New Mexico Statutes

77-9-22. Bills of sale; requirements; evidence of larceny.

A.     A duly executed bill of sale is an instrument in writing by which the owner or his authorized agent transfers to the buyer the title to livestock described in the bill of sale and guarantees to defend the title against all lawful claims. It shall fully describe in detail the livestock, and such description shall include marks, brands and all other identification.   

B.     The bill of sale shall be executed the day of the transaction.   

C.     A purchase sheet properly executed by a licensed livestock auction market constitutes a valid bill of sale.   

D.     A registration certificate issued by a recognized pure-bred association, properly identifying the animal and properly acknowledged by the secretary of the association, may be used as proof of ownership.   

E.     An inspection certificate executed as a bill of sale and certified by an inspector may be used as proof of ownership.   

F.     The possession by any person of livestock having a brand not his recorded brand unless he has a bill of sale or authority in writing to possess or sell the livestock shall be take [taken] as prima facie evidence that he committed larceny of the livestock except in instances where stray or injured animals are inadvertently impounded and shall be sufficient for his conviction of larceny unless the evidence shows his innocence.