Bonds are legal investments for savings banks and insurance companies under the laws of this state. They are bonds, notes or other obligations of a county or municipality of this state, issued pursuant to a law of this state, for the purposes of investment or purchase by the state investment officer.
§ 7-24A-20 NMSA 1978
Legal investments
Known as the County and Municipal Gasoline Tax Act
The act spans §§ 7–7 (23 sections).
1978 Comp., § 7-24A-20, enacted by Laws 1978, ch. 182, § 20.
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.