{"data":{"id":"us-nm/40-3-4","jurisdiction":"us-nm","citation":"40-3-4","heading":"Contracts of indemnity; no obligation of community property unless signed by both husband and wife.","body":"It is against the public policy of this state to allow one spouse to obligate community property by entering into a contract of indemnity whereby he will indemnify a surety company in case of default of the principal upon a bond or undertaking issued in consideration of the contract of indemnity. No community property shall be liable for any indebtedness incurred as a result of any contract of indemnity made after the effective date of this section, unless both husband and wife sign the contract of indemnity.","path":["Chapter 40 - Domestic Affairs","ARTICLE 3 Property Rights"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18540/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"7d98419ef0995b1652efcf94a581a63656bb65685817614b2cd7896bbddb9235","source_id":"us-nm","stale":false,"prev":"us-nm/40-3-3","next":"us-nm/40-3-5"},"notice":"GroundRules: Original legal text. Not legal advice."}