Statutes > New Mexico Statutes > Chapter 10 - Public Officers and Employees. > Article 2 - Bonds, 10-2-1 through 10-2-17. > Section 10-2-1 - Sureties on bonds; qualifications.

Section 10-2-1 - Sureties on bonds; qualifications.

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 qualify on such bonds.