US Lawyer Database

Section 10-2-14 – Definitions.

As used in the Surety Bond Act [10-2-13 to 10-2-16 NMSA 1978]: A. “department” means the general services department; B. “director” means the director of the risk management division of the department; C. “employee” means any officer or employee of the state, including elected or appointed officials and persons acting on behalf or in service […]

Section 10-2-15 – Surety bond coverage.

A. The department shall provide surety bond coverage for all employees. Whenever an employee is required by another law to post bond or surety as a prerequisite to entering employment or assuming office, the requirement is met when coverage is provided for the office or position under the provisions of the Surety Bond Act [10-2-13 […]

Section 10-2-1 – [Sureties on bonds; qualifications.]

No bond of any public officer of this state executed by any individual, or firm as surety, shall be accepted or approved unless the persons or firm executing the same shall be the owners of unencumbered real estate or personal property in this state to an amount equal to the amount for which they respectively […]

Section 10-2-4 – [Public officer becoming surety; misdemeanor in office.]

Any violation of the preceding section [10-2-3 NMSA 1978] shall constitute a misdemeanor in office. History: Laws 1903, ch. 57, § 2; 1905, ch. 85, § 1; Code 1915, § 514; C.S. 1929, § 17-110; 1941 Comp., § 10-204; 1953 Comp., § 5-2-4. ANNOTATIONS Compiler’s notes. — The compilers of the 1915 Code substituted “preceding […]

Section 10-2-5 – [Recording of bonds required.]

The bonds given by all persons elected or appointed to office in this state shall be recorded. History: Laws 1893, ch. 56, § 1; C.L. 1897, § 3187; Code 1915, § 515; C.S. 1929, § 17-111; 1941 Comp., § 10-205; 1953 Comp., § 5-2-5. ANNOTATIONS Am. Jur. 2d, A.L.R. and C.J.S. references. — 67 C.J.S. […]