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2016 New Mexico Statutes
Chapter 6 - Public Finances
Article 10 - Public Money
Section 6-10-20 - Additional security.

NM Stat § 6-10-20 (2016) What's This?

6-10-20. Additional security.

Any board of finance or board of control may at any time within its discretion require any bank or savings and loan association that has qualified as a depository of public money subject to the control of the board to furnish additional security for the deposit of the kind specified in Section 6-10-16 NMSA 1978.

History: Laws 1923, ch. 76, 21; 1925, ch. 123, 8; C.S. 1929, 112-121; 1941 Comp., 7-219; 1953 Comp., 11-2-21; 1991, ch. 31, 4.

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