N.M. Admin. Code § 19.8.14.1408 - SURETY BONDS
A. A surety
bond shall be executed by the operator and a corporate surety licensed to do
business in the state.
B. Surety
bonds shall be noncancellable during their terms, except that surety bond
coverage for lands not disturbed may be canceled with the prior consent of the
director. The director shall advise the surety, within 30 days after receipt of
a notice to cancel bond, whether the bond may be canceled on an undisturbed
area.
Notes
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