Evidence of financial responsibility, when required under the Mandatory Financial Responsibility Act, may be given by filing:
A. evidence of a motor vehicle insurance policy;
B. a surety bond as provided in Section 66-5-225 NMSA 1978; or
C. a certificate of deposit of money as provided in Section 66-5-226 NMSA 1978.
History: 1953 Comp., § 64-5-226, enacted by Laws 1978, ch. 35, § 302; 1978 Comp., § 66-5-226, recompiled as 1978 Comp., § 66-5-218 by Laws 1983, ch. 318, § 18; 1998, ch. 34, § 9.
Recompilations. — Laws 1983, ch. 318, § 13, recompiled former 66-5-218 NMSA 1978, relating to an exception to revocation of license when consent is granted by a judgment creditor, as 66-5-213 NMSA 1978, effective January 1, 1984.
The 1998 amendment, effective July 1, 1998, substituted "insurance" for "liability" in Subsection A, deleted Subsection B, relating to evidence of a certified motor vehicle liability policy, and redesignated the following subsections accordingly.
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