Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 1 - Banking Generally, 58-1-1 through 58-1-85. > Section 58-1-9 - Transmitting money; foreign exchange.

Section 58-1-9 - Transmitting money; foreign exchange.

58-1-9. Transmitting money; foreign exchange.

A bank may accept money for transmission and may transmit money. A bank may buy and sell foreign exchange to the extent necessary to meet the needs of customers.