New Mexico § 58-29-5.1 Permitted investments

New Mexico Statutes

§ 58-29-5.1 — Permitted investments

New Mexico § 58-29-5.1

Ch. 58Financial Institutions and Regulations

Art. 29Small Business Investment

This text of New Mexico § 58-29-5.1 (Permitted investments) 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. § 58-29-5.1 (2026).

Text

The corporation may: A. make equity investments in New Mexico businesses, provided that:

(1)the investments are made pursuant to cooperative agreements;

(2)an equity investment in any one business may not exceed ten percent of the fund; provided, however, that the restrictions of this paragraph shall not apply to equity investments in entities that are parties to cooperative agreements, but shall apply to investments made by such entities pursuant to cooperative agreements; and (3) the investments represent no more than forty-nine percent of the total equity capital of a business; provided, however, that the restrictions of this paragraph shall not apply to equity investments in entities that are parties to cooperative agreements, but shall apply to investments made by such entities purs

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The corporation may: A. make equity investments in New Mexico businesses, provided that: (1) the investments are made pursuant to cooperative agreements; (2) an equity investment in any one business may not exceed ten percent of the fund; provided, however, that the restrictions of this paragraph shall not apply to equity investments in entities that are parties to cooperative agreements, but shall apply to investments made by such entities pursuant to cooperative agreements; and (3) the investments represent no more than forty-nine percent of the total equity capital of a business; provided, however, that the restrictions of this paragraph shall not apply to equity investments in entities that are parties to cooperative agreements, but shall apply to investments made by such entities pursuant to cooperative agreements; or B. make debt investments in New Mexico businesses, provided that: (1) the investments are made pursuant to cooperative agreements; and (2) a debt investment in any one business may not exceed ten percent of the fund; provided, however, that the restrictions of this paragraph shall not apply to debt investments in entities that are parties to cooperative agreements, but shall apply to debt investments made by such entities pursuant to cooperative agreements.