Section 57-18-8 - Bond required. - New Mexico Statutes

57-18-8. Bond required.

Before any license is issued, except a deputy weighmaster license, the applicant shall execute and deliver to the director a surety bond in the sum of one thousand dollars ($1,000) or other proof of financial responsibility that the board may set by regulation. The bond shall be executed by the applicant as principal and by a corporate surety company qualified and authorized to do business in this state as a surety. The bond shall be conditioned upon the faithful and honest compliance with the provisions of the Weighmaster Act [57-18-1 to 57-18-26 NMSA 1978]. The bond shall run to the state in favor of every person availing himself of the services and certifications issued by the weighmaster or any of his deputies.