{"data":{"id":"us-nm/44-8-6","jurisdiction":"us-nm","citation":"44-8-6","heading":"Qualifications for receivers.","body":"A receiver shall meet the following qualifications:\nA. the person must be at least eighteen years of age or a corporation or other business entity in good standing authorized to do business in New Mexico;\nB. the person must not be otherwise disqualified under applicable state or federal law to administer the receivership estate;\nC. before entering on his duties as receiver, the receiver shall sign and file a consent to act as receiver; and\nD. upon request and a showing of good cause by an interested party, the district court may require the receiver to post a bond unless the mortgage, security agreement, contract or other written agreement dispenses with the posting of bond. The amount of the bond shall be as ordered by the court.","path":["Chapter 44 - Miscellaneous Civil Law Matters","ARTICLE 8 Receivership Act"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18545/index.do","current_through":"2023-06-16","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"d2df98af8124510b7c31361bf2ea4cc8c37954d4104edf809ae3e00cb3d5ed68","source_id":"us-nm","stale":false,"prev":"us-nm/44-8-5","next":"us-nm/44-8-7"},"notice":"GroundRules: Original legal text. Not legal advice."}