New Mexico Statutes
§ 58-16-11 — Restrictions on owning, leasing and operating
New Mexico § 58-16-11
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 16Remote Financial Service Units
This text of New Mexico § 58-16-11 (Restrictions on owning, leasing and operating) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 58-16-11 (2026).
Text
A.Notwithstanding any provision to the contrary in the Remote Financial Service Unit Act, no ATM shall be owned or leased by a person other than an in-state financial institution.
B.Notwithstanding any provision to the contrary in the Remote Financial Service Unit Act, no POS terminal shall be operated by any person other than a merchant or an in-state financial institution.
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Legislative History
1978 Comp., § 58-16-11, enacted by Laws 1990, ch. 123, § 11; 1991, ch. 120,
Nearby Sections
15
§ 58-1-1
Short title§ 58-1-11
Access by fiduciaries§ 58-1-13
Lease to minor§ 58-1-14
Search procedure on death§ 58-1-17
Qualification and fiduciary powers§ 58-1-18
Fiduciary bond or oath excused§ 58-1-2
Definitions of banks§ 58-1-2.1
Prohibition§ 58-1-20
Reserves against deposits§ 58-1-21
LoansCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 58-16-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-16-11.