52-9-9. Use of company assets.
54 words·~1 min read·
/nm/chapter-52-workers-compensation/article-9-employers-mutual-company/52-9-9·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The assets of the company shall be applicable to the payment of losses sustained on account of insurance issued by it and to the payment of salaries, dividends as provided in Sections 131 and 132 [52-9-11, 52-9-12 NMSA 1978] of this act and other expenses.
History: Laws 1990 (2nd S.S.), ch. 2, § 129.