Section 58-5-7 - Legal holidays for banks.

58-5-7. Legal holidays for banks.

A.     The following legal holidays may be observed by banks, notwithstanding the provisions of Sections 12-5-1 through 12-5-9 NMSA 1978:  

New Year's Day     January 1  

Martin Luther King, Jr.'s Birthday     3rd Monday in January  

Washington's Birthday     3rd Monday in February  

Memorial Day     the date determined by the director to be  

the date recognized by the majority of the federal reserve districts in New Mexico  

Independence Day     July 4 

Labor Day     1st Monday in September 

Columbus Day     2nd Monday in October  

Armistice Day and Veterans' Day     November 11  

Thanksgiving Day     4th Thursday in November  

Christmas Day     December 25.  

Whenever 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.   

B.     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 [58-16-1 NMSA 1978] or any automated teller machines located on the bank premises during all or any part of a legal bank holiday.