The public body may, with respect to any bonds issued pursuant to the Public Securities Short-Term Interest Rate Act, enter into trust agreements for the better security of such bonds with any corporate trustee and provide therein for the rights and limitations on rights of the holders and owners of bonds.
§ 6-18-9 NMSA 1978
Trust agreements
Known as the Public Securities Short-Term Interest Rate Act
The act spans §§ 6–6 (17 sections).
Laws 1983, ch. 161, § 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.