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2018 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11 - Credit Unions
Section 58-11-19 - Incidental powers.
Universal Citation: NM Stat § 58-11-19 (2018)
58-11-19. Incidental powers.
A credit union may exercise all incidental powers that are convenient, suitable or necessary to enable it to carry out its purposes as provided in its bylaws.
History: Laws 1987, ch. 311, § 19; 1997, ch. 195, § 14.
Repeals and reenactments. — Laws 1987, Chapter 311 repealed 58-11-19 NMSA 1978, as amended by Laws 1975, ch. 344, § 17, relating to loans, effective June 19, 1987, and enacted a new section.
The 1997 amendment, effective July 1, 1997, substituted "its bylaws" for "the bylaws" at the end of the section.
Laws 1997, ch. 195, § 42 repealed Laws 1987, ch. 311, § 68, which had provided for the repeal of this section on July 1, 1997.
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