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. 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.
‹ Prev All New Mexico sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.