Statutes > New Mexico Statutes > Chapter 72 - Water Law. > Article 4 - Surveys, Investigations and Adjudication of Rights, 72-4-1 through 72-4-20. > Section 72-4-9 - Water revenue bonds shall be legal investments.

Section 72-4-9 - Water revenue bonds shall be legal investments.

72-4-9. [Water revenue bonds shall be legal investments.]

Water revenue bonds issued under the provisions of this 1959 act [72-4-2 to 72-4-12 NMSA 1978] shall be legal investments for savings banks and insurance companies organized under the laws of this state.