A professional fundraiser shall file a surety bond at the time of the registration with the attorney general in an amount and on a form provided by the attorney general. The professional fundraiser shall maintain the surety bond, or alternative financial assurances approved by the attorney general, as long as the professional fundraiser solicits in the state.
History: Laws 1999, ch. 124, § 13.
Effective dates. — Laws 1999, ch. 124, § 18 made Laws 1999, ch. 124, § 13 effective July 1, 1999.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 22 - Charitable Solicitations
Section 57-22-1 - Short title.
Section 57-22-3 - Definitions.
Section 57-22-4 - Application of act.
Section 57-22-6 - Filing of required documents.
Section 57-22-6.1 - Professional fundraisers; registration.
Section 57-22-6.2 - Professional fundraisers; bond.
Section 57-22-6.4 - Professional fundraiser; records and reports.
Section 57-22-7 - Restriction on use of fact of filing in solicitation.
Section 57-22-8 - Disclosure of fundraising costs.
Section 57-22-9 - Authority of the attorney general.
Section 57-22-9.1 - Investigative demand; civil penalty.
Section 57-22-9.2 - Exchange of information with other states.
Section 57-22-10 - Standard of care.
Section 57-22-11 - Exemptions from state and local taxation.