In order to simplify the organization of credit unions, the director shall cause to be prepared model articles of organization and bylaws, consistent with the Credit Union Act, which may be used by credit union organizers for their guidance. Such articles of organization and bylaws shall be available to persons desiring to organize a credit union. History: Laws 1987, ch. 311, § 11; 1997, ch. 195, § 7. Repeals and reenactments. — Laws 1987, Chapter 311 repealed 58-11-11 NMSA 1978, as amended by Laws 1975, ch. 344, § 11, relating to elections, effective June 19, 1987, and enacted a new section. The 1997 amendment, effective July 1, 1997, substituted "Credit Union Act" for "Credit Union Regulatory Act" in the first sentence. Laws 1997, ch. 195, § 42 repealed Laws 1987, ch. 311, § 68, which had provided for the repeal of this section on July 1, 1997.
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