New Mexico § 46-6-8 - Agreement with surety over deposits of principal
Full text of New Mexico New Mexico Statutes Annotated § 46-6-8 — Agreement with surety over deposits of principal, with citation guidance and answers to common questions.
§ 46-6-8. Agreement with surety over deposits of principal
It shall be lawful for any party of whom a bond, undertaking or other obligation is
required, to agree with his surety or sureties for the deposit of any or all moneys
and assets for which he and his surety or sureties are or may be held responsible,
with a bank or trust company, authorized by law to do business as such, or with any
other depository approved by the court or a judge thereof, if such deposit is otherwise
proper, for the safekeeping thereof, and in such manner as to prevent the withdrawal
of such money or assets or any part thereof, without the written consent of such surety
or sureties, or an order of court, or a judge thereof made on such notice to such
surety or sureties as such court or judge may direct; provided, however, that such
agreement shall not in any manner release from liability or change the liability of
the principal or sureties as established by the terms of the said bond.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 46-6-8
What does New Mexico Statutes Annotated § 46-6-8 cover?
Section 46-6-8 ("Agreement with surety over deposits of principal") 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 § 46-6-8?
A common citation format is "New Mexico Statutes Annotated § 46-6-8" (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 § 46-6-8 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.