New Mexico § 66-12-6.8 - Dealer bonds; required insurance
Full text of New Mexico New Mexico Statutes Annotated § 66-12-6.8 — Dealer bonds; required insurance, with citation guidance and answers to common questions.
§ 66-12-6.8. Dealer bonds; required insurance
A person licensed as a dealer pursuant to the Boat Act shall file with the state parks
division a bond in the amount of fifty thousand dollars ($50,000) unless there is
a bond on file with the motor vehicle division of the taxation and revenue department
for a motor vehicle dealer's license and such proof is submitted to the state parks
division. The bond shall be issued by a corporate surety licensed to conduct business within
the state. The bond shall be issued under the condition that the applicant shall not practice
fraud or violate any provision of the Boat Act. A person who has obtained a dealer license shall furnish evidence that the person
has liability insurance for the established place of business for which the license
was obtained.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 66-12-6.8
What does New Mexico Statutes Annotated § 66-12-6.8 cover?
Section 66-12-6.8 ("Dealer bonds; required insurance") 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 § 66-12-6.8?
A common citation format is "New Mexico Statutes Annotated § 66-12-6.8" (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 § 66-12-6.8 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.