The monies in said "state highway suspense fund" shall be paid to such contractor or his creditors, as the case may be, only upon the determination of the respective rights of such contractor and said creditors who have filed such claims, by a court of competent jurisdiction in some action by or against the contractor or the sureties upon his bond.
§ 67-3-51 NMSA 1978
[Restrictions on disbursements from suspense fund.]
Known as the Public Mass Transportation Act
The act spans §§ 67–67 (95 sections).
Laws 1929, ch. 108, § 3; C.S. 1929, § 64-344; 1941 Comp., § 58-240; 1953 Comp., § 55-2-40.
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.