Section 58-5-7 - Legal holidays for banks.
58-5-7. Legal holidays for banks.
A. The following legal holidays may be observed by banks, notwithstanding the provisions of Sections 12-5-1 through 12-5-9 NMSA 1978:
New Year's Day January 1
Martin Luther King, Jr.'s Birthday 3rd Monday in January
Washington's Birthday 3rd Monday in February
Memorial Day the date determined by the director to be
the date recognized by the majority of the federal reserve districts in New Mexico
Independence Day July 4
Labor Day 1st Monday in September
Columbus Day 2nd Monday in October
Armistice Day and Veterans' Day November 11
Thanksgiving Day 4th Thursday in November
Christmas Day December 25.
Whenever one of these bank holidays falls on a Sunday, the following Monday is a legal bank holiday. Whenever one of these bank holidays falls on a Saturday, that Saturday and the preceding Friday are legal bank holidays.
B. Nothing in this section shall be deemed to require a bank to close or cease operating any remote financial service unit installed pursuant to the Remote Financial Service Unit Act [58-16-1 NMSA 1978] or any automated teller machines located on the bank premises during all or any part of a legal bank holiday.