There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11 - Credit Unions
Section 58-11-57.1 - Capitalization and reserves. (2003)
NM Stat § 58-11-57.1 (2013) What's This?
58-11-57.1. Capitalization and reserves. (2003)
A. A credit union shall maintain a well-capitalized status as determined by the director.
B. A credit union shall set aside and maintain such reserves as may be required by the insurer of its share accounts and deposit accounts.
History: Laws 2003, ch. 28, § 14.
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