Section 58-1-9 - Transmitting money; foreign exchange.

NM Stat § 58-1-9 (2019) (N/A)
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A bank may accept money for transmission and may transmit money. A bank may buy and sell foreign exchange to the extent necessary to meet the needs of customers.

History: 1953 Comp., § 48-22-9, enacted by Laws 1963, ch. 305, § 9.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 308.

Licensing and regulation of business of transmitting funds to foreign countries, 94 A.L.R.2d 496.

9 C.J.S. Banks and Banking §§ 445 et seq., 486.