Statutes > New Mexico Statutes > Chapter 6 - Public Finances. > Article 8 - Investment of Public Money, 6-8-1 through 6-8-22. > Section 6-8-11 - Custody of securities.

Section 6-8-11 - Custody of securities.

6-8-11. Custody of securities.

Securities purchased or held by the state investment officer or the state investment council shall be in the custody of the state treasurer who may, with the approval of the secretary, deposit with a bank or trust company the securities for safekeeping and servicing.