No depository bond with personal sureties shall be accepted as security for deposits of public money.
§ 6-10-19 NMSA 1978
Ineligible depository bonds
Known as the Warrant Cancellation Act
The act spans §§ 6–6 (74 sections).
Laws 1933, ch. 175, § 10; 1941 Comp., § 7-218; 1953 Comp., § 11-2-20; 1991, ch. 31, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.