New Mexico § 58-5-7 Legal holidays for banks

New Mexico Statutes

§ 58-5-7 — Legal holidays for banks

New Mexico § 58-5-7

Ch. 58Financial Institutions and Regulations

Art. 5Organization and Management

This text of New Mexico § 58-5-7 (Legal holidays for banks) 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. § 58-5-7 (2026).

Text

A.The following legal holidays may be observed by banks, notwithstanding the provisions of Sections 12-5-1 through 12-5-9 NMSA 1978: New Year's Day ................................. January 1 Martin Luther King, Jr.'s Birthday …... 3rd Monday in January President's Day .................................. 3rd Monday in February Memorial Day ..................................... the date determined by the director to be the date recognized by the majority of the federal reserve districts in New Mexico Independence Day ............................. July 4 Labor Day ........................................... 1st Monday in September Indigenous Peoples' Day .................... 2nd Monday in October Armistice Day and Veterans' Day ....... November 11 Thanksgiving Day ...........................

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A. The following legal holidays may be observed by banks, notwithstanding the provisions of Sections 12-5-1 through 12-5-9 NMSA 1978: New Year's Day ................................. January 1 Martin Luther King, Jr.'s Birthday …... 3rd Monday in January President's Day .................................. 3rd Monday in February Memorial Day ..................................... the date determined by the director to be the date recognized by the majority of the federal reserve districts in New Mexico Independence Day ............................. July 4 Labor Day ........................................... 1st Monday in September Indigenous Peoples' Day .................... 2nd Monday in October Armistice Day and Veterans' Day ....... November 11 Thanksgiving Day ............................... 4th Thursday in November Christmas Day .................................... December 25. Whenever one of these bank holidays falls on a Sunday, the following Monday is a legal bank holiday. Whenever one of these bank holidays falls on a Saturday, that Saturday and the preceding Friday are legal bank holidays. B. Nothing in this section shall be deemed to require a bank to close or cease operating any remote financial service unit installed pursuant to the Remote Financial Service Unit Act [Chapter 58, Article 16 NMSA 1978] or any automated teller machines located on the bank premises during all or any part of a legal bank holiday.