Attorney General Opinions and Advisory Letters

Decision Information

Opinion No. 43-4291

Collection Attorney General Opinions and Advisory Letters
Date 05/20/1943
File Number 1943 Op. Att'y Gen. No. 43-4291

Decision Content

Opinion No. 43-4291

May 20, 1943

BY: EDWARD P. CHASE, Attorney General

TO: Mrs. Cecilia Tafoya Cleveland, Secretary of State, Santa Fe, New Mexico

You have of recent date referred to this office a letter dated May 11, 1943, from L. F. Sheldon, addressed to yourself, in which the question is raised whether Section 51-1801 of the New Mexico 1941 Compilation requires Collection Agencies to post a corporate surety bond.

Section 51-1801 requires Collection Agencies to file with the Secretary of State a surety bond in the penal sum of $ 2,500.00, conditioned upon certain matters. It is, further provided, in this Section that the Secretary of State should approve such bond. Since only a surety bond is required, it is my opinion, that other than a corporate surety bond may be filed, which is subject to approval by the Secretary of State.

Hoping that the above fully answers your questions, I remain

By HARRY L. BIGBEE,

Asst. Atty. General

 You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.