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Section 59A-9-7 - Obligations, stock of certain federal and international agencies.

NM Stat § 59A-9-7 (2019) (N/A)
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An insurer may invest in the obligations, and stock where stated, issued, assumed or guaranteed by the following agencies of the United States government, or in which such government is a participant, whether or not the obligations are guaranteed by it:

A. farm loan bank;

B. commodity credit corporation;

C. federal intermediate credit banks;

D. federal land banks;

E. central bank for cooperatives;

F. federal home loan banks, and stock thereof;

G. federal national mortgage association, and stock thereof when acquired in connection with sale of mortgage loans to such association;

H. international bank for reconstruction and development;

I. inter-American development bank;

J. Asian development bank;

K. African development bank; and

L. any other similar agency of, or participated in by, the United States government and of similar financial quality.

History: Laws 1984, ch. 127, § 140; 1988, ch. 22, § 2.

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Section 59A-9-6 - Public obligations.
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