N.M. Stat. § 53-4-22

Current through 2024, ch. 69

Section 53-4-22 - Limitations on interest-dividends

Interest-dividends shall not exceed fifteen percent per year and shall be noncumulative. Total interest-dividends distributed for any single period shall not exceed fifty percent of the net savings for that period.

NMS § 53-4-22

Laws 1939, ch. 164, § 22; 1941 Comp., § 54-1422; 1953 Comp., § 51-15-22; Laws 1983, ch. 14, § 1.