Securities purchased or held by the state investment officer or the council shall be in the custody of a custodian bank contracted pursuant to the provisions of Subsection H of Section 6-8-7 NMSA 1978.
History: 1953 Comp., § 11-2-8.14, enacted by Laws 1957, ch. 179, § 11; 1975, ch. 211, § 3; 1977, ch. 247, § 102; 2015, ch. 95, § 6.
The 2015 amendment, effective June 19, 2015, required securities purchased or held by the state investment officer or the council to be in the custody of a contracted custodian bank; after "state investment officer or the", deleted "state investment", after "custody of", deleted "the state treasurer who may, with the approval of the secretary, deposit with a bank or trust company the securities for safekeeping and servicing" and added "a custodian bank contracted pursuant to the provisions of Subsection H of Section 6-8-7 NMSA 1978".
Structure New Mexico Statutes
Article 8 - Investment of Public Money
Section 6-8-2 - State investment council.
Section 6-8-3 - Council terms and qualifications.
Section 6-8-4 - Investment office; state investment officer; terms.
Section 6-8-5 - Bond; staff; budget.
Section 6-8-6 - Transfer of investment powers.
Section 6-8-8 - Compromise; adjustment.
Section 6-8-10 - Investment standards.
Section 6-8-11 - Custody of securities.
Section 6-8-13 - Record of investments.
Section 6-8-14 - Monthly reports.
Section 6-8-16 - Annual report.
Section 6-8-22 - Disclosure of third-party marketers; penalty.
Section 6-8-23 - Compensation under contingent fee contracts; suspense fund created.
Section 6-8-24 - Qui tam plaintiffs.
Section 6-8-25 - Accounts for support of persons with disabilities.