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2017 New Mexico Statutes
Chapter 52 - Workers' Compensation
Article 9 - Employers Mutual Company
Section 52-9-19 - Money and property of the company.
Universal Citation: NM Stat § 52-9-19 (2017)
52-9-19. Money and property of the company.
All premiums and other money paid to the company, all property and securities acquired through the use of money belonging to the company and all interest and dividends earned upon money belonging to the company and deposited or invested by the company are the sole property of the company and shall be used exclusively for the operation and obligations of the company. The money of the company is not state money. The property of the company is not state property.
History: Laws 1990 (2nd S.S.), ch. 2, 139.
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