New Mexico § 46-2A-1 - Fiduciary investments; certain securities
Full text of New Mexico New Mexico Statutes Annotated § 46-2A-1 — Fiduciary investments; certain securities, with citation guidance and answers to common questions.
§ 46-2A-1. Fiduciary investments; certain securities
A bank or trust company that is acting as a fiduciary or agent may, in its discretion
or at the direction of another person who is authorized to direct the investment of
money held by the bank or trust company, invest in the securities of an open-end or
closed-end management investment company or investment trust that is registered under
the federal Investment Company Act of 1940, 1 as amended. The bank or trust company, or any affiliate thereof, may provide services to the
investment trust or investment company, including acting as an investment advisor,
manager, sponsor, distributor, custodian, transfer agent or registrar, and may receive
reasonable compensation for the services; provided that with respect to any funds
invested, the bank or trust company or its affiliate shall disclose to the persons
to whom statements of the account are rendered the rate, formula or other method by
which the compensation paid is determined. 1
15 U.S.C.A. § 80a-1 et seq.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 46-2A-1
What does New Mexico Statutes Annotated § 46-2A-1 cover?
Section 46-2A-1 ("Fiduciary investments; certain securities") 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 § 46-2A-1?
A common citation format is "New Mexico Statutes Annotated § 46-2A-1" (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 § 46-2A-1 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.