New Mexico Statutes 52-9-9. Use of company assets
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The assets of the company shall be applicable to the payment of losses sustained on account of insurance issued by it and to the payment of salaries, dividends as provided in Sections 131 and 132 [52-9-11, 52-9-12 N.M. Stat. Ann.] of this act and other expenses.
Terms Used In New Mexico Statutes 52-9-9
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.