The treasurer of the state of New Mexico shall serve as trustee for the pension trust fund and the supplementary trust fund and shall receive and hold as trustee for the uses and purposes set out in the trust agreements any and all funds paid to it as such trustee by the state, the department, the employee beneficiaries or by any other person or persons.
§ 29-4-5 NMSA 1978
[State treasurer is trustee of funds; duties.]
Laws 1939, ch. 213, § 5; 1941 Comp., § 40-405; 1953 Comp., § 39-4-5.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.