The company may retain an independent investment counsel. The board shall periodically review and appraise the investment strategy being followed and the effectiveness of such services. Any investment counsel retained or hired shall report at least once a month to the board on investment results and related matters.
§ 52-9-14 NMSA 1978
Investment counsel
Known as the Employers Mutual Company Act
The act spans §§ 52–52 (25 sections).
Laws 1990 (2nd S.S.), ch. 2, § 134.
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.