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2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 52 Municipal Transit
Section 3-52-12 Legal investments.

NM Stat § 3-52-12 (2015) What's This?

3-52-12. Legal investments.

Bonds are legal investments for savings banks and insurance companies under the laws of this state. They are bonds, notes or other obligations of a municipal subdivision of this state, issued pursuant to a law of this state, for the purposes of investment or purchase by the state investment officer.

History: 1953 Comp., 14-53-12, enacted by Laws 1965, ch. 300.

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