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Section 72-16-62 - Lost or destroyed securities.

NM Stat § 72-16-62 (2019) (N/A)
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If lost or completely destroyed, any security may be reissued in the form and tenor of the lost or destroyed security upon the owner furnishing, to the satisfaction of the board:

A. proof of ownership;

B. proof of loss or destruction;

C. a surety bond in twice the face amount of the security and any coupons; and

D. payment of the cost of preparing and issuing the new security.

History: 1953 Comp., § 75-36-62, enacted by Laws 1963, ch. 311, § 62.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Securities and Obligations § 298.

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Section 72-16-61 - Single bonds.
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Section 72-16-63 - Execution of securities.