2015 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Section 6 Warehousing of Agricultural Products
Section 56-6-5 Insurance required.
56-6-5. [Insurance required.]
Each warehouseman shall be required to carry one hundred percent fire, combustion and lightning insurance and fifty percent tornado insurance on the value of the products in storage, under policies issued by insurance companies authorized to do business in New Mexico, payable to the warehouseman and his bondsman as their interests may appear.
History: Laws 1941, ch. 145, 5; 1941 Comp., 53-905; 1953 Comp., 50-9-5.
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