{"data":{"id":"us-nm/53-4-32","jurisdiction":"us-nm","citation":"53-4-32","heading":"Bonding.","body":"Every individual acting as officer or employee of an association and handling funds or securities amounting to one thousand dollars ($1,000.00) or more, in any one year, shall be covered by an adequate bond as determined by the board of directors, and at the expense of the association; and the by-laws [bylaws] may also provide for the bonding of other employees or officers.","path":["Chapter 53 - Corporations","ARTICLE 4 Cooperative Associations"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"5373020f2d56bff0c05afbd105937a7b9060bb5aaeea2ff8afc67c7c9432ab31","source_id":"us-nm","stale":false,"prev":"us-nm/53-4-31","next":"us-nm/53-4-33"},"notice":"GroundRules: Original legal text. Not legal advice."}