N.M. Admin. Code § 3.16.114.8

Current through Register Vol. 36, No. 1, January 14, 2025

Section 3.16.114.8 - SECURITY

A. The department may request security in addition to the bond required under Section 7-16A-15 NMSA 1978 as needed.

B. If any person fails to provide the security required by Section 3.16.114.8 NMAC within thirty (30) days, the department may demand, by certified mail or in person, that the security be provided. If the person does not comply within ten (10) days, the department may institute proceedings to enjoin that person from engaging in business in New Mexico in accordance with Section 7-1-53 NMSA 1978 of the Tax Administration Act.

2/1/93, 12/31/96, 12/31/97; 3.16.114.8 NMAC - Rn, 3 NMAC 20.15.8 & A, 6/14/01