Bonds issued under the provisions of Sections 3-32-1 through 3-32-16 NMSA 1978, shall be legal investments for savings banks and insurance companies organized under the laws of this state.
§ 3-32-13 NMSA 1978
Bonds made legal investments
Known as the Industrial Revenue Bond Act
The act spans §§ 3–3 (19 sections).
1953 Comp., § 14-31-10, enacted by Laws 1965, ch. 300.
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.