NMSA 1978, § 7-1-57 — Surety bonds

Surety bonds accepted by the secretary as security in compliance with the
provisions of Sections 7-1-54 and 7-1-55 NMSA 1978 shall be payable to the state of
New Mexico upon demand by the secretary or the secretary's delegate and a showing
to the surety that the principal debtor is a delinquent taxpayer.