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Can you summarize Article 12, Chapter 58 NMSA?
Financial Institutions and Regulations > Credit Union Share Insurance Corporations
Short Summary
The provided legal document content pertains to the governance and operations of the Credit Union Share Insurance Corporations in New Mexico. It covers various aspects such as taxation, investments, board meetings, termination of membership, powers and duties of the board, assessments for the share insurance fund, definitions of terms, formation of the corporation, service of process, election of directors, governance of directors and officers, membership application process, dissolution and liquidation of the corporation. The documents apply to the Credit Union Share Insurance Corporations, their members, directors, and officers. Real estate owned and used by the corporation for its corporate purposes is subject to state and local taxation. No specific penalties are mentioned in these documents.
Whom does it apply to?
Credit Union Share Insurance Corporations, their members, directors, and officers
What does it govern?
Governance and operations of the Credit Union Share Insurance Corporations in New Mexico
What are exemptions?
Real estate owned and used by the corporation for its corporate purposes is subject to state and local taxation. No other exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
New Mexico