New Mexico § 6-21C-9 State Building Bonding Act is full authority for issuance of

New Mexico Statutes

§ 6-21C-9 — State Building Bonding Act is full authority for issuance of

New Mexico § 6-21C-9

Ch. 6Public Finances

Art. 21CState Building Bonding

This text of New Mexico § 6-21C-9 (State Building Bonding Act is full authority for issuance of) 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. § 6-21C-9 (2026).

Text

bonds; bonds are legal investments.

A.The State Building Bonding Act shall, without reference to any other act of the legislature, be full authority for the issuance and sale of building bonds, which bonds shall have all the qualities of investment securities under the Uniform Commercial Code [Chapter 55 NMSA 1978] and shall not be invalid for any irregularity or defect or be contestable in the hands of bona fide purchasers or holders thereof for value.

B.Building bonds are legal investments for any person or board charged with the investment of any public funds and are acceptable as security for any deposit of public money.

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bonds; bonds are legal investments. A. The State Building Bonding Act shall, without reference to any other act of the legislature, be full authority for the issuance and sale of building bonds, which bonds shall have all the qualities of investment securities under the Uniform Commercial Code [Chapter 55 NMSA 1978] and shall not be invalid for any irregularity or defect or be contestable in the hands of bona fide purchasers or holders thereof for value. B. Building bonds are legal investments for any person or board charged with the investment of any public funds and are acceptable as security for any deposit of public money.