New Mexico Statutes
§ 58-23-23 — Purchase of bonds; cancellation; purchase price
New Mexico § 58-23-23
This text of New Mexico § 58-23-23 (Purchase of bonds; cancellation; purchase price) 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. § 58-23-23 (2026).
Text
The council, subject to existing agreements with bondholders, has the power to purchase bonds of the council out of any funds available for that purpose, which may thereupon be canceled, at any reasonable price which, if the bonds are then redeemable, shall not exceed the applicable redemption price plus accrued interest to the next interest payment date thereon.
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Legislative History
Laws 1983, ch. 290, § 23; 1987, ch. 49, § 6.
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 § 58-23-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-23-23.