New Mexico § 66-5-227 - Application of cash deposit
Full text of New Mexico New Mexico Statutes Annotated § 66-5-227 — Application of cash deposit, with citation guidance and answers to common questions.
§ 66-5-227. Application of cash deposit
The cash deposit provided for in Section 66-5-226 NMSA 1978 shall be held by the state treasurer to satisfy, in accordance with the provisions
of the Mandatory Financial Responsibility Act, any execution on a judgment issued
against the person making the deposit, for damages, including damages for care and
loss of services because of bodily injury to or death of any person or for damages
because of injury to or destruction of property, including the loss of use thereof,
resulting from the ownership, maintenance, use or operation of a motor vehicle of
a type subject to registration under the laws of New Mexico after the deposit was
made. Money so deposited shall not be subject to attachment or execution unless such attachment
or execution arises out of a suit for damages as provided in this section.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 66-5-227
What does New Mexico Statutes Annotated § 66-5-227 cover?
Section 66-5-227 ("Application of cash deposit") 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 § 66-5-227?
A common citation format is "New Mexico Statutes Annotated § 66-5-227" (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 § 66-5-227 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.