There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 53: Corporations
Article 4: Cooperative Associations, 53-4-1 through 53-4-45
Section 53-4-32: Bonding.
Universal Citation:
NM Stat § 53-4-32 (1996 through 1st Sess 50th Legis)
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on the American Association of Law Libraries Universal Citation Guide and is not
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53-4-32. Bonding.
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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