New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11 - Credit Unions

Section 58-11-16 - Out-of-state credit unions; approval to conduct business; director's duties and powers. - A. An out-of-state credit union organized pursuant to the laws...

Section 58-11-17 - Doing business outside this state. - A credit union organized under or subject to the Credit...

Section 58-11-18 - Powers of credit unions. - In addition to the powers authorized elsewhere in the Credit...

Section 58-11-19 - Incidental powers. - A credit union may exercise all incidental powers that are...

Section 58-11-20 - Advantageous federal powers. - In addition to other powers provided for the director and...

Section 58-11-21 - Membership. - A. The membership of a credit union shall consist of...

Section 58-11-22 - Central credit unions. - Central credit unions may be organized under the Credit Union...

Section 58-11-23 - Other credit unions. - Any credit union organized under or subject to the Credit...

Section 58-11-24 - Member eligibility. - Members who cease to be eligible for membership in a...

Section 58-11-25 - Liability of members. - The members of a credit union shall not be personally...

Section 58-11-26 - Meetings of members. - A. The annual meeting and any special meetings of the...

Section 58-11-27 - Direction of affairs. - A. A credit union shall be directed by a board...

Section 58-11-28 - Record of officials. - Within thirty days after election or appointment, a record of...

Section 58-11-29 - Vacancies. - The board of directors of a credit union shall fill...

Section 58-11-30 - Compensation of officials. - No board or committee member may be compensated for services...

Section 58-11-31 - Conflicts of interest. - No board member, committee member, executive officer, agent or employee...

Section 58-11-32 - Officers. - A. At an organizational meeting held within thirty days following...

Section 58-11-32.2 - Repealed. - Repeals. — Laws 1987, Chapter 311, § 67 repeals 58-11-32.1...

Section 58-11-33 - Authority and responsibility of board members. - The board of directors shall have the authority and responsibility...

Section 58-11-34 - Repealed. - Repeals. — Laws 1997, ch. 195, § 41 repealed 58-11-34...

Section 58-11-35 - Meetings of board members. - Each month either the board of directors or the executive...

Section 58-11-36 - Duties of board members. - A. The board of directors shall: (1) act upon applications...

Section 58-11-37 - Repealed. - Repeals. — Laws 1997, ch. 195, § 41 repealed 58-11-37...

Section 58-11-38 - Supervisory committee. - A. The supervisory committee shall make or cause to be...

Section 58-11-39 - Members' accounts. - A. The bylaws of a credit union may require the...

Section 58-11-40 - Dividends and interest. - A. Periodically, and after provision for the required reserves, the...

Section 58-11-41 - Withdrawals. - A. Funds in share accounts and deposit accounts may be...

Section 58-11-42 - Accounts of minors. - Payments on share accounts and deposit accounts may be received...

Section 58-11-43 - Joint accounts. - A. A member may designate any person to own a...

Section 58-11-44 - Trust accounts. - A. Share accounts and deposit accounts may be owned by...

Section 58-11-45 - Payable-on-death accounts. - Notwithstanding any other provision of law, a credit union may...

Section 58-11-46 - Liens. - A credit union shall have a lien on the membership...

Section 58-11-47 - Dormant accounts. - A. If there has been no activity in a share...

Section 58-11-48 - Share and deposit insurance. - A. Before the organizers of a credit union submit the...

Section 58-11-49 - Loan policies. - A. A credit union may extend credit to members for...

Section 58-11-50 - Insurance for members. - A credit union may purchase or make available insurance for...

Section 58-11-51 - Liability and fidelity insurance for officials and employees. - A credit union shall, unless otherwise specified by the director,...

Section 58-11-52 - Group purchasing. - A credit union may enter into arrangements and joint ventures...

Section 58-11-53 - Money-type instruments. - A credit union may collect, receive and disburse money in...

Section 58-11-54 - Retirement accounts. - A credit union may act as custodian of any form...

Section 58-11-55 - Trust authority. - A credit union may accept, administer and execute trusts pursuant...

Section 58-11-56 - Investments. - A. Funds not required to satisfy member demands for extensions...

Section 58-11-57 - Repealed. - Repeals. — Laws 2003, ch. 28, § 15 repeals 58-11-57...

Section 58-11-57.1 - Capitalization and reserves. - A. A credit union shall maintain a well-capitalized status as...

Section 58-11-58 - Dissolution. - A. A credit union may elect to dissolve voluntarily and...

Section 58-11-59 - Merger of credit unions. - A. A credit union organized under or subject to the...

Section 58-11-60 - Conversion. - A. A credit union organized under the laws of this...

Section 58-11-61 - Taxation. - A. A credit union organized under or subject to the...

Section 58-11-62 - Criminal liability. - Any credit union executive officer, director, committee member, employee or...

Section 58-11-63 - Slander; libel. - Whoever maliciously and knowingly spreads false reports or utters false...

Section 58-11-64 - Repealed. - Repeals. — Laws 2003, ch. 28, § 15 repeals 58-11-64...

Section 58-11-65 - False affidavit; penalty. - Any person who makes a false statement in writing for...

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New Mexico Statutes Chapter 58 - Financial Institutions and Regulations Article 11 - Credit Unions

New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 11 - Credit Unions