Action on bond; limitation.

  1. Law
  2. New Mexico Statutes
  3. Financial Institutions and Regulations
  4. Escrow Companies
  5. Action on bond; limitation.

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No action shall be brought upon any bond required pursuant to Section 10 [58-22-10 NMSA 1978] of the Escrow Company Act or insurance coverage required pursuant to Section 11 [58-22-11 NMSA 1978] of that act after the expiration of three years from the accrual of the cause of action.

History: Laws 1983, ch. 135, § 13.

ANNOTATIONS

Compiler's notes. — Section 11 of the Escrow Company Act, referred to in this section, was compiled as 58-22-11 NMSA 1978, before being repealed by Laws 1986, ch. 21, § 2.


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