The bond shall be taken in the name of the state of New Mexico, and the conditions shall be as follows: The conditions of this obligation are such that if the above bound assignee of . . . . . . . shall, in all things, discharge his duty as assignee of . . . . . . . aforesaid, and faithfully execute the trust confided to him, then the above obligation to be void, otherwise to remain in full force.
History: Laws 1889, ch. 71, § 10; C.L. 1897, § 2836; Code 1915, § 292; C.S. 1929, § 7-119; 1941 Comp., § 23-119; 1953 Comp., § 27-1-19.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 6 Am. Jur. 2d Assignments for Benefit of Creditors §§ 105, 106.
Structure New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 9 - Transfers to Prefer Creditors - Voluntary Assignments
Section 56-9-1 - [Transfers to prefer creditors; effect; exception of mortgage in good faith.]
Section 56-9-2 - [Interested persons may file suit.]
Section 56-9-3 - [Parties; order for creditors to appear; publication of notice.]
Section 56-9-4 - [Surrender of property to receiver.]
Section 56-9-5 - [Distribution of assets; final judgment; appeal.]
Section 56-9-6 - [Writ of ne exeat or attachment.]
Section 56-9-7 - [Claims of creditors; verification.]
Section 56-9-9 - [Failure of assignee to settle estate; suit to compel settlement.]
Section 56-9-10 - [Voluntary assignments; acknowledgment and recording.]
Section 56-9-11 - [Inventory by assignee.]
Section 56-9-12 - [Inventory to be accompanied by affidavit.]
Section 56-9-13 - [Appraisement.]
Section 56-9-14 - [Oath of appraisers.]
Section 56-9-15 - [Filing of appraisement and oath.]
Section 56-9-16 - [Compensation of appraisers.]
Section 56-9-17 - [Additional property; appraisement.]
Section 56-9-18 - [Statement of assignee; bond.]
Section 56-9-19 - [Conditions of bond.]
Section 56-9-20 - [Recording of bond; filing copies of bond and other papers with county clerk.]
Section 56-9-21 - [Approval or rejection of bonds taken in vacation.]
Section 56-9-22 - [Failure to give additional bond; revocation of authority.]
Section 56-9-23 - [Old bond is valid until new bond approved.]
Section 56-9-24 - [Suit on bond.]
Section 56-9-25 - [Statement of accounts; time of making; dismissal for failure to make.]
Section 56-9-26 - [Notice of filing accounts.]
Section 56-9-27 - [Advertising paid by assignee; credit.]
Section 56-9-28 - [Adjustment and allowance of demands.]
Section 56-9-30 - [Assignee may administer oaths to witnesses.]
Section 56-9-31 - [Rejection of claims.]
Section 56-9-32 - [Rejected claim; right to bring action; limitation.]
Section 56-9-33 - [Judgments in favor of claimant certified to assignee.]
Section 56-9-35 - [Failure of assignee to file inventory or give bond; citation to show cause.]
Section 56-9-36 - [Dismissal of assignee.]
Section 56-9-37 - [Insolvency or removal of security on bond.]
Section 56-9-38 - [Appointment of new assignee.]
Section 56-9-39 - [Dismissal of assignee; delivery of papers, moneys and effects.]
Section 56-9-40 - [Sale of property; order of court; bond of assignee.]
Section 56-9-41 - [Time for payment of claims; notice; refusal to pay; penalty; dismissal.]
Section 56-9-42 - [Assignee to give information as to condition of estate.]
Section 56-9-43 - [Petition for relief against assignee; citation; procedure.]
Section 56-9-44 - [Exempt property not included in assignment.]
Section 56-9-45 - [Prior liens not affected.]
Section 56-9-46 - [Attachment not to issue after assignment.]
Section 56-9-47 - [Preferences inure to benefit of all creditors alike.]
Section 56-9-48 - [Discharge; application by assignee; notice; contents of petition.]
Section 56-9-49 - [Hearing and determination of application for discharge.]
Section 56-9-50 - [Appeals from final judgment.]
Section 56-9-52 - [Compensation of assignee and counsel.]