There is a newer version
of
this Section
2019 New Mexico Statutes
Chapter 7 - Taxation
Article 24A - County and Municipal Gasoline Tax
Section 7-24A-20 - Legal investments.
Universal Citation: NM Stat § 7-24A-20 (2019)
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 county or municipality of this state, issued pursuant to a law of this state, for the purposes of investment or purchase by the state investment officer.
History: 1978 Comp., § 7-24A-20, enacted by Laws 1978, ch. 182, § 20.
ANNOTATIONSEffective dates. — Laws 1978, ch. 182 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 17, 1978, 90 days after the adjournment of the legislature.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
