An association shall not invest more in office buildings, sites and parking, than an amount equal to the net worth of the association.
§ 58-10-47 NMSA 1978
Investment in office buildings
Known as the Savings and Loan Act
The act spans §§ 58-10-1 to 58-10-99 (111 sections).
1953 Comp., § 48-15-91, enacted by Laws 1967, ch. 61, § 47.
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.