NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-8A-26
Foreign transactions
The Uniform Unclaimed Property Act (1995) does not apply to:
# (1)
property held, due and owing in a foreign country and arising out of a foreign transaction;
# (2)
funds in a member's share account in a credit union if the bylaws of the credit union provide for unclaimed funds to be used for educational or charitable uses;
and
# (3)
patronage capital or other tangible ownership interest in a rural electric cooperative, a telephone cooperative, a water cooperative or an agricultural cooperative, if the bylaws of the cooperative provide for unclaimed patronage capital to be used for educational scholarships or other charitable uses.
Amendment history
Laws 1997, ch. 25, § 26.
Source: official source (NMSA chapter on nmonesource.com)
In this article (32 sections)
- 7-8A-1 · Definitions
- 7-8A-2 · Presumptions of abandonment
- 7-8A-3 · 7-8A-3
- 7-8A-4 · Rules for taking custody
- 7-8A-5 · Dormancy charge
- 7-8A-6 · 7-8A-6
- 7-8A-7 · Report of abandoned property
- 7-8A-8 · Payment or delivery of abandoned property
- 7-8A-9 · Notice and publication of lists of abandoned property
- 7-8A-10 · Custody by state; recovery by holder; defense of holder
- 7-8A-10.1 · Exercise of due diligence; liability; notice
- 7-8A-11 · 7-8A-11
- 7-8A-12 · Public sale of abandoned property
- 7-8A-13 · Deposit of funds
- 7-8A-14 · Claim of another state to recover property
- 7-8A-15 · 7-8A-15
- 7-8A-16 · Appeal; action to establish claim
- 7-8A-17 · Election to take payment or delivery
- 7-8A-18 · 7-8A-18
- 7-8A-19 · Periods of limitation
- 7-8A-20 · Requests for reports and examination of records
- 7-8A-21 · Retention of records
- 7-8A-22 · Enforcement
- 7-8A-23 · 7-8A-23
- 7-8A-24 · Interest and penalties
- 7-8A-25 · Agreement to locate property
- 7-8A-26 · Foreign transactions
- 7-8A-27 · Transitional provisions
- 7-8A-28 · Rules
- 7-8A-29 · Uniformity of application and construction
- 7-8A-30 · Short title
- 7-8A-31 · Severability clause