A bank may accept money for transmission and may transmit money. A bank may buy and sell foreign exchange to the extent necessary to meet the needs of customers. History: 1953 Comp., § 48-22-9, enacted by Laws 1963, ch. 305, § 9. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 308. Licensing and regulation of business of transmitting funds to foreign countries, 94 A.L.R.2d 496. 9 C.J.S. Banks and Banking §§ 445 et seq., 486.
New Mexico Legal Code