New Mexico Statutes

§ 62-15-30 — Securities Act exemption

New Mexico·Ch. 62 Electric, Gas and Water Utilities·Art. 15 Rural Electric Cooperatives
The provisions of the Securities Act, Chapter 44, Session Laws of New Mexico, 1921, shall not apply to the issuance of any note, bond or other evidence of indebtedness issued, executed and delivered by any cooperative to the United States of America or any agency or instrumentality thereof. The provisions of said Securities Act shall not apply to the issuance of membership certificates by any cooperative.

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Legislative History

Laws 1939, ch. 47, § 30; 1941 Comp., § 48-430; 1953 Comp., § 45-4-30.

Nearby Sections

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