Associations, their officers, employees and agents, savings accounts and the sale, issuance, transfer and offering of savings accounts of any association or federal association are exempt from laws of this state which provide for supervision, registration or regulation in connection with the sale, issuance, transfer or offering of securities, insofar as such savings accounts are concerned.
History: 1953 Comp., § 48-15-130, enacted by Laws 1967, ch. 61, § 86; 1978, ch. 135, § 1.
ANNOTATIONSCross references. — For securities generally, see Chapter 58, Article 13B NMSA 1978.
For investment securities, see Chapter 55, Article 8 NMSA 1978.