Use of company assets.

  1. Law
  2. New Mexico Statutes
  3. Workers' Compensation
  4. Employers Mutual Company
  5. Use of company assets.

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The assets of the company shall be applicable to the payment of losses sustained on account of insurance issued by it and to the payment of salaries, dividends as provided in Sections 131 and 132 [52-9-11, 52-9-12 NMSA 1978] of this act and other expenses.

History: Laws 1990 (2nd S.S.), ch. 2, § 129.

ANNOTATIONS

Effective dates. — Laws 1990 (2nd S.S.), ch. 2, § 153 made Laws 1990 (2nd S.S.), ch. 2, § 129 effective January 1, 1991.


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