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2017 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 9 - Transfers to Prefer Creditors - Voluntary Assignments
Section 56-9-35 - Failure of assignee to file inventory or give bond; citation to show cause.
Universal Citation: NM Stat § 56-9-35 (2017)
56-9-35. [Failure of assignee to file inventory or give bond; citation to show cause.]
Whenever it shall be made to appear to the court having jurisdiction, or the judge of the proper district court in vacation, that any assignee has neglected and refused, when required by law, to file a full and true inventory or to give a bond as required by this chapter, the court, or judge thereof in vacation, shall issue a citation to said assignee to appear before said judge at a time and place within his judicial district therein specified, to show cause why he should not be dismissed from his trust.
History: Laws 1889, ch. 71, 26; C.L. 1897, 2852; Code 1915, 308; C.S. 1929, 7-135; 1941 Comp., 23-135; 1953 Comp., 27-1-35.
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