{"data":{"id":"us-nm/58-11-61","jurisdiction":"us-nm","citation":"58-11-61","heading":"Taxation.","body":"A. A credit union organized under or subject to the Credit Union Act is exempt from taxation to the extent that a credit union chartered under federal law is exempt.\nB. The shares of a credit union shall not be subject to stock transfer taxes, either when issued or when transferred from one member to another.\nC. The participation by a credit union in any government program providing unemployment, social security, old age pension or other benefits shall not be deemed a waiver of the tax exemptions granted by this section.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 11 Credit Unions"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"57afc3cdb364399ef0f5f0b3577c8a057379b8ff46d6c17cde6d1bb5f4ee07bb","source_id":"us-nm","stale":false,"prev":"us-nm/58-11-60","next":"us-nm/58-11-62"},"notice":"GroundRules: Original legal text. Not legal advice."}