New Mexico Statutes
§ 66-12-6.8 — Dealer bonds; required insurance
New Mexico § 66-12-6.8
This text of New Mexico § 66-12-6.8 (Dealer bonds; required insurance) 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. § 66-12-6.8 (2026).
Text
A person licensed as a dealer pursuant to the Boat Act shall file with the state parks division a bond in the amount of fifty thousand dollars ($50,000) unless there is a bond on file with the motor vehicle division of the taxation and revenue department for a motor vehicle dealer's license and such proof is submitted to the state parks division. The bond shall be issued by a corporate surety licensed to conduct business within the state. The bond shall be issued under the condition that the applicant shall not practice fraud or violate any provision of the Boat Act. A person who has obtained a dealer license shall furnish evidence that the person has liability insurance for the established place of business for which the license was obtained.
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Legislative History
Laws 2003, ch. 410, § 7.
Nearby Sections
15
§ 66-1-1
Short title§ 66-1-2
Severability§ 66-1-3
Savings clauses§ 66-1-4
Definitions§ 66-1-4.1
Definitions§ 66-1-4.10
Definitions§ 66-1-4.11
Definitions§ 66-1-4.12
Definitions§ 66-1-4.13
Definitions§ 66-1-4.14
Definitions§ 66-1-4.15
Definitions§ 66-1-4.16
Definitions§ 66-1-4.17
Definitions§ 66-1-4.18
Definitions§ 66-1-4.19
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 66-12-6.8, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/66/66-12-6.8.