New Mexico § 7-8A-26 Foreign transactions

New Mexico Statutes

§ 7-8A-26 — Foreign transactions

New Mexico § 7-8A-26

Ch. 7Taxation

Art. 8AUniform Unclaimed Property Act

This text of New Mexico § 7-8A-26 (Foreign transactions) 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. § 7-8A-26 (2026).

Text

The Uniform Unclaimed Property Act (1995) does not apply to:

(1)property held, due and owing in a foreign country and arising out of a foreign transaction;

(2)funds in a member's share account in a credit union if the bylaws of the credit union provide for unclaimed funds to be used for educational or charitable uses; and (3) patronage capital or other tangible ownership interest in a rural electric cooperative, a telephone cooperative, a water cooperative or an agricultural cooperative, if the bylaws of the cooperative provide for unclaimed patronage capital to be used for educational scholarships or other charitable uses.

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The Uniform Unclaimed Property Act (1995) does not apply to: (1) property held, due and owing in a foreign country and arising out of a foreign transaction; (2) funds in a member's share account in a credit union if the bylaws of the credit union provide for unclaimed funds to be used for educational or charitable uses; and (3) patronage capital or other tangible ownership interest in a rural electric cooperative, a telephone cooperative, a water cooperative or an agricultural cooperative, if the bylaws of the cooperative provide for unclaimed patronage capital to be used for educational scholarships or other charitable uses.