Ineligible depository bonds.

  1. Law
  2. New Mexico Statutes
  3. Public Finances
  4. Public Money
  5. Ineligible depository bonds.

Checkout our iOS App for a better way to browser and research.

No depository bond with personal sureties shall be accepted as security for deposits of public money.

History: Laws 1933, ch. 175, § 10; 1941 Comp., § 7-218; 1953 Comp., § 11-2-20; 1991, ch. 31, § 3.

ANNOTATIONS

The 1991 amendment, effective June 14, 1991, substituted "as security for deposits of public money" for "by any treasurer and/or board of finance".

Section repeals, by implication, personal surety clause in Section 6-10-20 NMSA 1978. 1980 Op. Att'y Gen. No. 80-11.


Download our app to see the most-to-date content.