Reserve funds.

  1. Law
  2. New Mexico Statutes
  3. Financial Institutions and Regulations
  4. Mortgage Finance Authority
  5. Reserve funds.

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A. The authority may create and establish one or more reserve funds.

B. The authority may create and establish other reserve funds as it deems advisable and necessary.

History: 1953 Comp., § 13-19-12, enacted by Laws 1975, ch. 303, § 12; 1995, ch. 9, § 22.

ANNOTATIONS

The 1995 amendment, effective June 16, 1995, deleted former provisions of Subsection A relating to debt service reserve funds and made stylistic changes in Subsection B.


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