{"data":{"id":"us-nm/3-52-12","jurisdiction":"us-nm","citation":"3-52-12","heading":"Legal investments.","body":"Bonds are legal investments for savings banks and insurance companies under the laws of this state. They are bonds, notes or other obligations of a municipal subdivision of this state, issued pursuant to a law of this state, for the purposes of investment or purchase by the state investment officer.","path":["Chapter 3 - Municipalities","ARTICLE 52 Municipal Transit"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18504/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"5a72c0ca92c0cb10b805377c8b42510ac4b9cc6badd846d6487c491ff6de8b6b","source_id":"us-nm","stale":false,"prev":"us-nm/3-52-11","next":"us-nm/3-52-13"},"notice":"GroundRules: Original legal text. Not legal advice."}