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 10-2-2 – [County or district officer not to be surety for another official.]
No county or district officer shall be in future surety on the official bond of another county officer, and no such officer who shall be required to give bond shall be considered as qualified, if any other of the officers above mentioned shall give such bond. History: Laws 1882, ch. 34, § 1; C.L. 1884, […]
Section 10-2-3 – [State and county officers prohibited from being sureties.]
It shall be unlawful for any state or county officer who is required by law to give official bonds to sign any bond or become surety for any other person or persons during the term for which he is required to give official bonds for himself. History: Laws 1903, ch. 57, § 1; Code 1915, […]
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. […]