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New Mexico · Through 2025-01-07

58-11-47: Dormant accounts.

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Where this section sits in the code
  1. Chapter 58 - Financial Institutions and Regulations
  2. ARTICLE 11 Credit Unions

A. If there has been no activity in a share or deposit account for one year, except for the posting of dividends or interest, the credit union may impose a reasonable maintenance fee as provided in the bylaws.

B. Any account presumed abandoned shall be disposed of in accordance with the Uniform Disposition of Unclaimed Property Act [Uniform Unclaimed Property Act (1995), 7-8A-30 NMSA 1978].

Collected 2026-09-03T15:02:20Z. Source file · JSON

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