New Mexico § 67-3-50 - Account closing; nonliability
Full text of New Mexico New Mexico Statutes Annotated § 67-3-50 — Account closing; nonliability, with citation guidance and answers to common questions.
§ 67-3-50. Account closing; nonliability
Upon transfer of the funds as provided in Section 67-3-49 NMSA 1978 , the state transportation commission shall close its book of account upon such project
and shall have no further responsibility in connection with such fund or with the
payment of the balance of money remaining to the credit of said contractor upon said
contract.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 67-3-50
What does New Mexico Statutes Annotated § 67-3-50 cover?
Section 67-3-50 ("Account closing; nonliability") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 67-3-50?
A common citation format is "New Mexico Statutes Annotated § 67-3-50" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 67-3-50 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.