The department shall consent to the cancellation of any bond or the department shall direct and the state treasurer shall return any money to the person entitled thereto upon the substitution and acceptance of any other adequate evidence of financial responsibility as set forth in Section 66-5-218 NMSA 1978.
History: 1953 Comp., § 64-5-240, enacted by Laws 1978, ch. 35, § 316; 1978 Comp., § 66-5-240, recompiled as 1978 Comp., § 66-5-228 by Laws 1983, ch. 318, § 27; 1998, ch. 34, § 12.
ANNOTATIONSRepeals. — Laws 1983, ch. 318, § 42, repealed former 66-5-228 NMSA 1978, relating to certificate furnished by nonresident as proof, effective January 1, 1984.
The 1998 amendment, effective July 1, 1998, substituted "department" for "division" twice, deleted "or certified motor vehicle liability policy" following "bond", and deleted "Subsection B, C or D of" following "forth in".