[Old bond is valid until new bond approved.]

  1. Law
  2. New Mexico Statutes
  3. Commercial Instruments and Transactions
  4. Transfers to Prefer Creditors - Voluntary Assignments
  5. [Old bond is valid until new bond approved.]

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Such bond shall be valid until such new bond be given and approved, notwithstanding its rejection by the court, and such new bond, when approved, shall relate back and operate from the date of assignment.

History: Laws 1889, ch. 71, § 14; C.L. 1897, § 2840; Code 1915, § 296; C.S. 1929, § 7-123; 1941 Comp., § 23-123; 1953 Comp., § 27-1-23.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.


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