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New Mexico Statutes Chapter 58. Financial Institutions and Regulations § 58-23-23. Purchase of bonds; cancellation; purchase price

Current as of January 01, 2024 | Updated by Findlaw Staff

The council, subject to existing agreements with bondholders, has the power to purchase bonds of the council out of any funds available for that purpose, which may thereupon be canceled, at any reasonable price which, if the bonds are then redeemable, shall not exceed the applicable redemption price plus accrued interest to the next interest payment date thereon.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 58. Financial Institutions and Regulations § 58-23-23. Purchase of bonds; cancellation; purchase price - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-58-financial-institutions-and-regulations/nm-st-sect-58-23-23/

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