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Section 7-8A-26 - Foreign transactions.

NM Stat § 7-8A-26 (2019) (N/A)
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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.

History: Laws 1997, ch. 25, § 26.

Effective dates. — Laws 1997, ch. 25, § 34 made Laws 1997, ch. 25, § 26 effective July 1, 1997.

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