New Mexico Statutes
§ 53-4-32 — Bonding
New Mexico § 53-4-32
This text of New Mexico § 53-4-32 (Bonding) 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. § 53-4-32 (2026).
Text
Every individual acting as officer or employee of an association and handling funds or securities amounting to one thousand dollars ($1,000.00) or more, in any one year, shall be covered by an adequate bond as determined by the board of directors, and at the expense of the association; and the by-laws [bylaws] may also provide for the bonding of other employees or officers.
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Legislative History
Laws 1939, ch. 164, § 32; 1941 Comp., § 54-1432; 1953 Comp., § 51-15-32.
Nearby Sections
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[Construction of act.]§ 53-11-1
Short title§ 53-11-10
Renewal of registered name§ 53-11-11
Registered office and registered agent§ 53-11-14
Service of process on corporation§ 53-11-15
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Bluebook (online)
New Mexico § 53-4-32, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-4-32.