United States — New Mexico
NMSA 39-4C-2. Definitions
1 provisions
This section defines terms used in the Uniform Foreign-Money Claims Act.
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Financial services, banking, payments, credit, securities, and regulated finance. Every result links to its stored legal text and available official source evidence.
828 matching statutes
United States — New Mexico
1 provisions
This section defines terms used in the Uniform Foreign-Money Claims Act.
United States — New Mexico
1 provisions
Bonds issued under the County Industrial Revenue Bond Act are legal investments for savings banks and insurance companies organized under state law.
United States — New Mexico
1 provisions
A state bank may borrow money and issue debt for temporary purposes, within its capital and surplus unless the commissioner approves more.
United States — New Mexico
1 provisions
This section is repealed.
United States — New Mexico
1 provisions
A state bank must obtain deposit insurance from the United States or an agency of the United States, and it may join and hold membership in the federal reserve system.
United States — New Mexico
1 provisions
Bonds authorized by the Municipal Mortgage Finance Act, and the income from those bonds, are exempt from state and local taxation, subject to the Banking and Financial Corporations Tax Act.
United States — New Mexico
1 provisions
Certain public bodies, financial institutions, insurers, and fiduciaries may invest funds in Municipal Mortgage Finance Act bonds or obligations, and those bonds are authorized security and negotiable in the state.
United States — New Mexico
1 provisions
Securities held or purchased by the state investment officer or the council must be kept with a custodian bank contracted under the cited subsection.
United States — New Mexico
1 provisions
A bank must not take deposits while insolvent, and officers, directors, or employees who know or should know of the insolvency must not receive or authorize those deposits.
United States — New Mexico
1 provisions
A person must not issue a check, draft, or payment order for value with intent to defraud if they know they lack sufficient funds or credit to cover it.
United States — New Mexico
1 provisions
Bonds issued under the act are legal investments for state savings banks and insurance companies, and they are exempt from state and local taxation.
United States — New Mexico
1 provisions
Certain Pollution Control Revenue Bond Act bonds may be treated as legal investments for state-chartered savings banks and insurance companies, and may be used as collateral for public deposits.