2018 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11 - Credit Unions
Section 58-11-31 - Conflicts of interest.
No board member, committee member, executive officer, agent or employee of a credit union shall in any manner, directly or indirectly, participate in the deliberation upon or the determination of any question affecting his pecuniary interest, the pecuniary interest of his parents, children or siblings or spouses of any of those individuals or the pecuniary interest of any organization, other than the credit union, in which he is directly or indirectly interested.
History: Laws 1987, ch. 311, § 31; 1991, ch. 51, § 8; 1997, ch. 195, § 22.
Repeals and reenactments. — Laws 1987, Chapter 311 repealed former 58-11-31 NMSA 1978, as amended by Laws 1975, ch. 344, § 25, relating to penalty for false affidavit, effective June 19, 1987, and enacted a new 58-11-31 NMSA 1978.
Laws 1997, ch. 195, § 42 repealed Laws 1987, ch. 311, § 68, which had provided for the repeal of this section on July 1, 1997.
The 1997 amendment, effective July 1, 1997, inserted "the pecuniary interest of his parents, children or siblings or spouses of any of those individuals" near the middle of the section.
The 1991 amendment, effective July 1, 1991, inserted "executive" near the beginning and "the" preceding "pecuniary".
