New Mexico § 52-6-16 - Investments
Full text of New Mexico New Mexico Statutes Annotated § 52-6-16 — Investments, with citation guidance and answers to common questions.
§ 52-6-16. Investments
Funds not needed for current obligations may be invested by the board of trustees
in accordance with the provisions of Chapter 59A, Article 9 NMSA 1978 applicable to investments, except that, notwithstanding the provisions of Section 59A-9-18 NMSA 1978: A. the board of trustees may make loans or investments not otherwise expressly permitted
under Chapter 59A, Article 9 NMSA 1978 , in an aggregate amount not exceeding ten percent of the group's assets and not exceeding
two percent of such assets as to any one such loan or investment, provided that such
loans and investments do not constitute an amount that is greater than total surplus,
if the loan or investment meets the requirements of Section 59A-9-3 NMSA 1978 and by reason of safety of principal and yield otherwise qualifies as a sound investment;
and B. the calculation of the group's other loans and investments described in Subsection
A of this section shall not include the fair market value of any real property occupied
by the group.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 52-6-16
What does New Mexico Statutes Annotated § 52-6-16 cover?
Section 52-6-16 ("Investments") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 52-6-16?
A common citation format is "New Mexico Statutes Annotated § 52-6-16" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 52-6-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.