Any holder of bonds or notes issued pursuant to the Industrial and Agricultural Finance Authority Act or a trustee under a trust agreement or trust indenture entered into pursuant to that act, except to the extent that his rights are restricted by any bond resolution, may protect and enforce, by any suitable form of legal proceedings, any rights under the laws of this state or granted by the bond resolution. Such rights include the right to compel the performance of all duties of the authority required by the Industrial and Agricultural Finance Authority Act or the bond resolution and to enjoin unlawful activities.
History: Laws 1983, ch. 300, ยง 13.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 24 - Industrial and Agricultural Finance Authority
Section 58-24-1 - Short title.
Section 58-24-2 - Legislative findings; declaration of purpose.
Section 58-24-3 - Definitions.
Section 58-24-4 - Authority created; directors; quorum; conflicts; compensation.
Section 58-24-5 - Powers of the authority.
Section 58-24-6 - Authority; loans.
Section 58-24-7 - Combining loans; advising sponsors and municipalities.
Section 58-24-8 - Rules and regulations of the board.
Section 58-24-9 - Required determinations of the authority.
Section 58-24-10 - Planning, zoning and building laws.
Section 58-24-11 - Bonds and notes of the authority.
Section 58-24-12 - Notice; public hearing; approval.
Section 58-24-13 - Remedies of bondholders and noteholders.
Section 58-24-14 - State, county and municipalities not liable on bonds and notes.
Section 58-24-15 - Agreement of the state.
Section 58-24-16 - Bonds and notes; legal investments for public officers and fiduciaries.
Section 58-24-17 - Tax exemption.
Section 58-24-18 - Limitation of liability.
Section 58-24-19 - Assistance by state officers and agencies.
Section 58-24-20 - Court proceedings; preference; venue.
Section 58-24-21 - Corporate existence.
Section 58-24-22 - Conflicts of interest.