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2019 New Mexico Statutes
Chapter 46 - Fiduciaries and Trusts
Article 6 - Surety Bonds
Section 46-6-4 - [Surety companies; failure to pay judgment; forfeiture of right to do business.]
Universal Citation: NM Stat § 46-6-4 (2019)
That if any company authorized to do business in this state shall neglect or refuse to pay any final judgment or decree rendered against it upon any such recognizance, stipulation, bond or undertaking made or guaranteed by it under the provisions of Sections 46-6-1, 46-6-2 or 46-6-3 NMSA 1978, from which no appeal, writ of error or supersedeas has been taken, for thirty days after the rendition of such judgment or decree, it shall forfeit all right to do business.
History: Laws 1899, ch. 41, § 4; Code 1915, § 509; C.S. 1929, § 17-105; 1941 Comp., § 28-105; 1953 Comp., § 28-1-5.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
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