2015 New Mexico Statutes
Chapter 7 - Taxation
Section 1 Administration
Section 7-1-57 Surety bonds.
7-1-57. Surety bonds.
Surety bonds accepted by the secretary as security in compliance with the provisions of Sections 7-1-54 and 7-1-55 NMSA 1978 shall be payable to the state of New Mexico upon demand by the secretary or the secretary's delegate and a showing to the surety that the principal debtor is a delinquent taxpayer.
History: 1953 Comp., 72-13-70, enacted by Laws 1965, ch. 248, 58; 1970, ch. 15, 1; 1975, ch. 251, 4; 1979, ch. 144, 51; 2001, ch. 56, 16.
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