A bank may accept money for transmission and may transmit money. A bank may buy and sell foreign exchange to the extent necessary to meet the needs of customers.
§ 58-1-9 NMSA 1978
Transmitting money; foreign exchange
Known as the Banking Act
The act spans §§ 58–58 (88 sections).
1953 Comp., § 48-22-9, enacted by Laws 1963, ch. 305, § 9.
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.