2018 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11 - Credit Unions
Section 58-11-53 - Money-type instruments.
A credit union may collect, receive and disburse money in connection with the providing of negotiable checks, money orders, travelers checks and other money-type instruments for its members and other persons within the credit union's field of membership and in connection with the providing of services through service facilities, including automated terminal machines, and for such other purposes as may provide benefit or convenience to its members. A credit union may charge reasonable fees for those services.
History: Laws 1987, ch. 311, § 53; 1991, ch. 51, § 16; 1997, ch. 195, § 34; 2003, ch. 28, § 11.
Repeals. — Laws 1997, ch. 195, § 42 repealed Laws 1987, ch. 311, § 68, which had provided for the repeal of this section on July 1, 1997.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 2003 amendment, effective June 20, 2003, inserted "other persons within the credit union's field of membership and in connection with" following "for its members and" near the middle of the section.
The 1997 amendment, effective July 1, 1997, inserted "service facilities, including" preceding "automated terminal" in the first sentence.
The 1991 amendment, effective July 1, 1991, in the first sentence inserted "for its members".
