A. Every license issued under the article is at all times the property of the state of New Mexico, and upon any expiration, termination, suspension or revocation thereof the licensee shall promptly return the license to the superintendent for holding (in case of suspension) or cancellation.
B. Any property bondsman who discontinues writing bail bonds during the period for which he is licensed shall notify the clerks of the courts with whom he is registered of such discontinuance. Within thirty (30) days after such discontinuance the licensee shall return his license to the superintendent for cancellation.
History: Laws 1984, ch. 127, ยง 938.
Structure New Mexico Statutes
Article 51 - Bail Bondsmen Licensing
Section 59A-51-1 - Short title.
Section 59A-51-2 - Definitions.
Section 59A-51-3 - License required; exemption.
Section 59A-51-4 - Qualifications for license.
Section 59A-51-4.1 - Educational requirements.
Section 59A-51-5 - Application for license.
Section 59A-51-6 - Licensing fees.
Section 59A-51-7 - Examination for license.
Section 59A-51-8 - Bonding requirements, property bondsmen.
Section 59A-51-9 - Issuance, refusal of license.
Section 59A-51-10 - Duration, continuation, expiration of license.
Section 59A-51-11 - Return of license; property bondsman notice to courts.
Section 59A-51-12 - Appointment or termination of solicitors.
Section 59A-51-13 - Practices.
Section 59A-51-13.1 - Premium rates.
Section 59A-51-14 - Denial, suspension, revocation or refusal to continue license.
Section 59A-51-15 - Duration of suspension; relicensing after revocation.
Section 59A-51-16 - Administrative fine in lieu.