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2021 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11 - Credit Unions
Section 58-11-57.1 - Capitalization and reserves.
Universal Citation: NM Stat § 58-11-57.1 (2021)
A. A credit union shall maintain a well-capitalized status as determined by the director.
B. A credit union shall set aside and maintain such reserves as may be required by the insurer of its share accounts and deposit accounts.
History: Laws 2003, ch. 28, § 14.
ANNOTATIONSEffective dates. — Laws 2003, ch. 28, contains no effective date provision, but, pursuant to N.M. Const., art IV, § 23, is effective on June 20, 2003, 90 days after adjournment of the legislature.
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