N.M. Admin. Code § 12.12.1.9
Current through Register Vol. 35, No. 23, December 10, 2024
A financial institution shall not be deemed to be a depository for purposes of Section 58-13A-5(2)(A) NMSA 1978 if it is holding the precious metals for collateral or acting in any manner as the financing agent for the purchaser of the commodity. A depository for purposes of Section 58-13A-5 NMSA 1978 may hold the metals for safekeeping purposes only.
N.M. Admin. Code § 12.12.1.9