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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 9 - Investments
Section 59A-9-14 - Equipment trust certificates.
Universal Citation: NM Stat § 59A-9-14 (2017)
59A-9-14. Equipment trust certificates.
An insurer may invest in equipment trust obligations or certificates adequately secured and evidencing an interest in transportation equipment, wholly or in part within or principally based within, the United States or Canada, which obligations or certificates carry the right to receive determined portions of rental, purchase or other fixed obligatory payments to be made for use or purchase of such transportation equipment.
History: Laws 1984, ch. 127, 147.
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