New Mexico § 20-9-5 - Security for property
Full text of New Mexico New Mexico Statutes Annotated § 20-9-5 — Security for property, with citation guidance and answers to common questions.
§ 20-9-5. Security for property
The adjutant general may prescribe regulations for the obtaining of collateral to
guarantee the return of arms, uniforms, equipment or other military property issued
to members of the national guard or the state defense force in an amount at least
equal to the value of the property issued and for such duration as is deemed appropriate. Such collateral may include cash, surety bonds, certificates of title or other good
and valuable consideration. Property with investment value shall be deposited at interest, that interest to
be paid to the member with return of the collateral upon proper return of the property
in serviceable condition, fair wear and tear excepted.
Frequently Asked Questions About New Mexico § 20-9-5
What does New Mexico Statutes Annotated § 20-9-5 cover?
Section 20-9-5 ("Security for property") 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 § 20-9-5?
A common citation format is "New Mexico Statutes Annotated § 20-9-5" (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 § 20-9-5 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.