New Mexico § 46-6-4 [Surety companies; failure to pay judgment; forfeiture of

New Mexico Statutes

§ 46-6-4 — [Surety companies; failure to pay judgment; forfeiture of

New Mexico § 46-6-4

Ch. 46Fiduciaries and Trusts

Art. 6Surety Bonds

This text of New Mexico § 46-6-4 ([Surety companies; failure to pay judgment; forfeiture of) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 46-6-4 (2026).

Text

right to do business.] That if any company authorized to do business in this state shall neglect or refuse to pay any final judgment or decree rendered against it upon any such recognizance, stipulation, bond or undertaking made or guaranteed by it under the provisions of Sections 46-6-1, 46-6-2 or 46-6-3 NMSA 1978, from which no appeal, writ of error or supersedeas has been taken, for thirty days after the rendition of such judgment or decree, it shall forfeit all right to do business.

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right to do business.] That if any company authorized to do business in this state shall neglect or refuse to pay any final judgment or decree rendered against it upon any such recognizance, stipulation, bond or undertaking made or guaranteed by it under the provisions of Sections 46-6-1, 46-6-2 or 46-6-3 NMSA 1978, from which no appeal, writ of error or supersedeas has been taken, for thirty days after the rendition of such judgment or decree, it shall forfeit all right to do business.