2013 New Mexico Statutes
Chapter 7 - Taxation
Article 8A - Uniform Unclaimed Property Act
Section 7-8A-26 - Foreign transactions. (1997)


NM Stat § 7-8A-26 (2013) What's This?

7-8A-26. Foreign transactions. (1997) 
The Uniform Unclaimed Property Act (1995) does not apply to:   
(1)   property held, due and owing in a foreign country and arising out of a foreign transaction;   
(2)   funds in a member's share account in a credit union if the bylaws of the credit union provide for unclaimed funds to be used for educational or charitable uses; and   
(3)   patronage capital or other tangible ownership interest in a rural electric cooperative, a telephone cooperative, a water cooperative or an agricultural cooperative, if the bylaws of the cooperative provide for unclaimed patronage capital to be used for educational scholarships or other charitable uses.   
  History: Laws 1997, ch. 25, § 26. 

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