The department shall consent to the cancellation of any bond or the department shall direct and the state treasurer shall return any money to the person entitled thereto upon the substitution and acceptance of any other adequate evidence of financial responsibility as set forth in Section 66-5-218 NMSA 1978.
History: 1953 Comp., § 64-5-240, enacted by Laws 1978, ch. 35, § 316; 1978 Comp., § 66-5-240, recompiled as § 66-5-228 by Laws 1983, ch. 318, § 27; 1998, ch. 34, § 12.
Repeals. — Laws 1983, ch. 318, § 42, repealed former 66-5-228 NMSA 1978, relating to certificate furnished by nonresident as proof, effective January 1, 1984.
The 1998 amendment, effective July 1, 1998, substituted "department" for "division" twice, deleted "or certified motor vehicle liability policy" following "bond", and deleted "Subsection B, C or D of" following "forth in".
Structure New Mexico Statutes
Part 3 - FINANCIAL RESPONSIBILITY
Section 66-5-201 - Short title.
Section 66-5-203 - Director to administer act.
Section 66-5-204 - Administrative and court review.
Section 66-5-205.2 - Repealed.
Section 66-5-205.3 - Motor vehicle insurance policy; procedures.
Section 66-5-207 - Exempt motor vehicles.
Section 66-5-207.1 - Self-insurers.
Section 66-5-208 - Evidence of financial responsibility; amounts and conditions.
Section 66-5-209 - Meaning of "judgment".
Section 66-5-210 - Settlement agreements for payment of damages.
Section 66-5-211 - When courts to report nonpayment of judgments.
Section 66-5-213 - Exception when consent granted by judgment creditor.
Section 66-5-214 - Discharge in bankruptcy.
Section 66-5-215 - Payments sufficient to satisfy requirements.
Section 66-5-216 - Installment payment of judgments; default.
Section 66-5-217 - Action if breach of agreement.
Section 66-5-218 - Alternate methods of giving evidence.
Section 66-5-220 - Default by nonresident insurer.
Section 66-5-222 - Driver exclusion endorsement form.
Section 66-5-224 - Act not to affect other policies.
Section 66-5-225 - Bond as evidence.
Section 66-5-226 - Cash deposit as evidence.
Section 66-5-227 - Application of cash deposit.
Section 66-5-228 - Substitution of evidence.
Section 66-5-229 - Duration of evidence; when filing of evidence may be waived.
Section 66-5-230 - Surrender of license and registration.
Section 66-5-231 - Forged evidence.
Section 66-5-232 - Sampling; letter to owner.
Section 66-5-233 - Affirmation form.
Section 66-5-234 - Registration; application and renewal.
Section 66-5-235 - False affirmation; violation.
Section 66-5-236 - Suspension for nonpayment of judgment or for false affirmation.
Section 66-5-237 - Past application of act.
Section 66-5-238 - Act not to prevent other process.
Section 66-5-239 - No civil liability.
Section 66-5-240 - Recompiled.
Section 66-5-242 - Recompiled.
Section 66-5-244 - Recompiled.
Section 66-5-245 - Recompiled.
Section 66-5-247 - Recompiled.