6-10-20. Additional security.
84 words·~1 min read·
/nm/chapter-6-public-finances/article-10-public-money/6-10-20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any board of finance or board of control may at any time within its discretion require any bank or savings and loan association that has qualified as a depository of public money subject to the control of the board to furnish additional security for the deposit of the kind specified in Section 6-10-16 NMSA 1978.
History: Laws 1923, ch. 76, § 21; 1925, ch. 123, § 8; C.S. 1929, § 112-121; 1941 Comp., § 7-219; 1953 Comp., § 11-2-21; 1991, ch. 31, § 4.