{"data":{"id":"us-nm/58-5-7","jurisdiction":"us-nm","citation":"58-5-7","heading":"Legal holidays for banks.","body":"A. The following legal holidays may be observed by banks, notwithstanding the provisions of Sections 12-5-1 through 12-5-9 NMSA 1978:\nNew Year's Day ................................. January 1\nMartin Luther King, Jr.'s Birthday …... 3rd Monday in January\nPresident's Day .................................. 3rd Monday in February\nMemorial Day ..................................... the date determined by the director to be the date recognized by the majority of the federal reserve districts in New Mexico\nIndependence Day ............................. July 4\nLabor Day ........................................... 1st Monday in September\nIndigenous Peoples' Day .................... 2nd Monday in October\nArmistice Day and Veterans' Day ....... November 11\nThanksgiving Day ............................... 4th Thursday in November\nChristmas Day .................................... December 25.\nWhenever 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.\nB. 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.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 5 Organization and Management"],"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":"0ac1af84f0230ec0d7a87658e7591aae71f1fc36150bf6eb0a8d3453ae7650f9","source_id":"us-nm","stale":false,"prev":"us-nm/58-5-6","next":"us-nm/58-5-8"},"notice":"GroundRules: Original legal text. Not legal advice."}