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Form a Business

Trust accounts

NMSA 1978, § 59A-32A-9
in effect
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59A-32A-9. Trust accounts Notwithstanding any provision of the Rental Car Insurance Limited Producer License Act or any other rule or statute, a licensee pursuant to that act shall not be required to treat money collected from renters purchasing rental car insurance when renting rental cars as funds received in a fiduciary capacity or to hold the funds in separate trust accounts. Laws 2001, ch. 94, § 9.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do#!b/59A-32A-9Fetched: 10/20/2026

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