New Mexico § 35-7-5 Magistrate administration; public money; commingling;

New Mexico Statutes

§ 35-7-5 — Magistrate administration; public money; commingling;

New Mexico·Ch. 35 Magistrate and Municipal Courts·Art. 7 Magistrate Court; Magistrate Administration

trust fund bank account.

A.All money collected by a magistrate court in connection with civil and criminal actions is public money of the state held in trust by the district court within the same judicial district until disbursed in accordance with law. Public money shall not be commingled with personal funds of the magistrate or any other funds.

B.Every district court shall maintain a special trust fund checking account for the magistrate courts in its judicial district in a convenient bank insured by the federal deposit insurance corporation and shall deposit all public money into the account within two banking days after its receipt.

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trust fund bank account. A. All money collected by a magistrate court in connection with civil and criminal actions is public money of the state held in trust by the district court within the same judicial district until disbursed in accordance with law. Public money shall not be commingled with personal funds of the magistrate or any other funds. B. Every district court shall maintain a special trust fund checking account for the magistrate courts in its judicial district in a convenient bank insured by the federal deposit insurance corporation and shall deposit all public money into the account within two banking days after its receipt.

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