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NEW MEXICO STATUTES AND CODES
Section 58-11-20 - Advantageous federal powers.
58-11-20. Advantageous federal powers.
In addition to other powers provided for the director and for credit unions organized under or subject to the Credit Union Act [58-11-1 NMSA 1978] and notwithstanding any law to the contrary, the director may adopt such rules and regulations as he deems necessary and proper, granting to state credit unions any of the powers and authority that federal credit unions are or may hereafter be authorized, empowered, permitted or otherwise allowed to exercise under federal statutes, rules or regulations.
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