Statutes > New Mexico Statutes > Chapter 62 - Electric, Gas and Water Utilities. > Article 15 - Rural Electric Cooperatives, 62-15-1 through 62-15-37. > Section 62-15-30 - Securities Act exemption.

Section 62-15-30 - Securities Act exemption.

62-15-30. Securities Act exemption.

The provisions of the Securities Act, Chapter 44, Session Laws of New Mexico, 1921, shall not apply to the issuance of any note, bond or other evidence of indebtedness issued, executed and delivered by any cooperative to the United States of America or any agency or instrumentality thereof. The provisions of said Securities Act shall not apply to the issuance of membership certificates by any cooperative.