History: Laws 1923, ch. 26, § 1; C.S. 1929, § 51-101; 1941 Comp., § 36-101; 1953 Comp., § 33-1-1; repealed by Laws 2011, ch. 124, § 97. ANNOTATIONS Repeals. — Laws 2011, ch. 124, § 97 repealed 46-1-1 NMSA 1978, as enacted by Laws 1923, ch. 26, § 1, relating to definitions, effective January 1, […]
History: Laws 1923, ch. 26, § 12; C.S. 1929, § 51-112; 1941 Comp., § 36-112; 1953 Comp., § 33-1-12; repealed by Laws 2011, ch. 124, § 97. ANNOTATIONS Repeals. — Laws 2011, ch. 124, § 97 repealed 46-1-11 NMSA 1978, as enacted by Laws 1923, ch. 26, § 12, relating to law governing transactions not […]
A. Notwithstanding any other provision of law, any fiduciary holding securities in its fiduciary capacity, and any bank or trust company holding securities as a custodian or managing agent, is authorized to deposit or arrange for the deposit of the securities in a clearing corporation as defined in Subsection C[(a)(5)] of Section 55-8-102 NMSA 1978. […]
Any bank or trust company qualified to act as fiduciary in this state may establish common trust funds for the purpose of furnishing investments to itself and its affiliated bank or trust company as fiduciary or to itself and its affiliated bank or trust company and others as co-fiduciaries and may, as fiduciary or co-fiduciary, […]
When an accounting of a common trust fund is presented to a court for approval, the court shall assign a time and place for hearing and order notice thereof by: (1) publication once a week for three weeks the first publication to be not less than twenty days prior to the date of the hearing, […]
This act [46-1-13 to 46-1-16 NMSA 1978] shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. History: 1953 Comp., § 33-1-23, enacted by Laws 1955, ch. 66, § 3.
This act [46-1-13 to 46-1-16 NMSA 1978] may be cited as the Uniform Common Trust Fund Act. History: 1953 Comp., § 33-1-24, enacted by Laws 1955, ch. 66, § 4. ANNOTATIONS Severability clauses. — Laws 1955, ch. 66, § 5, provides for the severability of the act if any part or application thereof is held […]
