Bonds made legal investments.

  1. Law
  2. New Mexico Statutes
  3. Municipalities
  4. Industrial Revenue Bonds
  5. Bonds made legal investments.

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Bonds issued under the provisions of Sections 3-32-1 through 3-32-16 NMSA 1978, shall be legal investments for savings banks and insurance companies organized under the laws of this state.

History: 1953 Comp., § 14-31-10, enacted by Laws 1965, ch. 300.

ANNOTATIONS

Purchase by state investment council. — There is no authority for the state investment council to purchase municipal industrial revenue bonds as such. 1960 Op. Att'y Gen. No. 60-219.


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