N.M. Stat. § 58-5-7

Current through 2024, ch. 69

Section 58-5-7 - Legal holidays for banks

A. The following legal holidays may be observed by banks, notwithstanding the provisions of Sections 12-5-1 through 12-5-9 NMSA 1978:

New Year's Day ................................. January 1

Martin Luther King, Jr.'s Birthday .... 3rd Monday in January

President's Day .................................. 3rd Monday in February

Memorial Day ..................................... the date determined by the director to be the date recognized by the majority of the federal reserve districts in New Mexico

Independence Day ............................. July 4

Labor Day ........................................... 1st Monday in September

Indigenous Peoples' Day .................... 2nd Monday in October

Armistice Day and Veterans' Day ....... November 11

Thanks giving Day ............................... 4th Thursday in November

Christmas Day .................................... December 25.

Whenever one of these bank holidays falls on a Sunday, the following Monday is a legal bank holiday. Whenever one of these bank holidays falls on a Saturday, that Saturday and the preceding Friday are legal bank holidays.

B. Nothing in this section shall be deemed to require a bank to close or cease operating any remote financial service unit installed pursuant to the Remote Financial Service Unit Act [Chapter 58, Article 16 NMSA 1978] or any automated teller machines located on the bank premises during all or any part of a legal bank holiday.

NMS § 58-5-7

1953 Comp., § 48-2-21, enacted by Laws 1975, ch. 330, § 3; 1977, ch. 340, § 1; 1977, ch. 359, § 19; 1981, ch. 42, § 1; 1991, ch. 75, § 1; 1999, ch. 213, § 8.

Amended by 2019, c. 123,s. 4, eff. 7/1/2019.