6-10-49. [Insolvency of banks; state funds; right to recover deposits
132 words·~1 min read·
/nm/chapter-6-public-finances/article-10-public-money/6-10-49·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
not impaired.]
That the provisions of this act [6-10-48, 6-10-49 NMSA 1978], or action thereon by the state board of finance shall in no way prevent, interfere with or prejudice the right of the state of New Mexico to proceed with the collection of said amounts against the said depository or the sureties upon the bond of said depository nor shall the provisions of this act or actions thereunder by the said state board of finance, prevent, interfere with or prejudice the right of the said state board of finance to proceed with an action or actions to recover said amounts from said depository or the sureties upon the bond of said depository.
History: Laws 1929, ch. 67, § 2; C.S. 1929, § 13-1202; 1941 Comp., § 7-246; 1953 Comp., § 11-2-49.