There Is a Newer Version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 10: Public Officers and Employees
Article 2: Bonds, 10-2-1 through 10-2-17
Section 10-2-1: Sureties on bonds; qualifications.
NM Stat § 10-2-1 (1996 through 1st Sess 50th Legis) What's This?
10-2-1. [Sureties on bonds; qualifications.]
No bond of any public officer of this state executed by any individual, or firm as surety, shall be accepted or approved unless the persons or firm executing the same shall be the owners of unencumbered real estate or personal property in this state to an amount equal to the amount for which they respectively qualify on such bonds.
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