STATE STATUTES & CODES

NEW MEXICO STATUTES AND CODES

Article 1 - Banking Generally, 58-1-1 through 58-1-85.

• Section 58-1-1 - Short title.
• Section 58-1-2 - Definitions of banks.
• Section 58-1-2.1 - Prohibition.
• Section 58-1-3 - Definitions.
• Section 58-1-4 - Effect on existing banks.
• Section 58-1-5 - Deposit of minor; school or institutional deposits.
• Section 58-1-6 - Designating agent.
• Section 58-1-7 - Adverse claim to deposit.
• Section 58-1-8 - Payment from account when no executor or administrator has qualified.
• Section 58-1-9 - Transmitting money; foreign exchange.
• Section 58-1-10 - Authority to engage in leasing safe deposit facilities; subsidiary company.
• Section 58-1-11 - Access by fiduciaries.
• Section 58-1-12 - Effect of lessee's death or incapacity.
• Section 58-1-13 - Lease to minor.
• Section 58-1-14 - Search procedure on death.
• Section 58-1-15 - Adverse claims to contents of safe deposit box.
• Section 58-1-16 - Special remedies for nonpayment of rent.
• Section 58-1-17 - Qualification and fiduciary powers.
• Section 58-1-18 - Fiduciary bond or oath excused.
• Section 58-1-19 - Identification and segregation of fiduciary assets; investment and deposit of cash.
• Section 58-1-20 - Reserves against deposits.
• Section 58-1-21 - Loans.
• Section 58-1-22 - Investments.
• Section 58-1-23 - Acceptances.
• Section 58-1-24 - Diversification of loans and investments.
• Section 58-1-25 - Acquisition of property to satisfy or protect previous loan.
• Section 58-1-26 - Acquisition of banking premises and equipment.
• Section 58-1-27 - Sale of assets in ordinary course.
• Section 58-1-28 - Borrowing.
• Section 58-1-29 - Issuance of capital debentures or notes.
• Section 58-1-30 - Pledge of assets.
• Section 58-1-31 - Endorsement and signature guaranty and unauthorized assumption of liability.
• Section 58-1-32 - Director of the financial institutions division; appointment and qualifications; salary.
• Section 58-1-33 - Oath of secrecy; surety bonds.
• Section 58-1-34 - Powers of director.
• Section 58-1-35 - Employees [Examiners] and clerks; designation of deputy.
• Section 58-1-36 - Seal of the director.
• Section 58-1-37 - Office of the commissioner [director]; delegation of powers.
• Section 58-1-38 - Divulging information prohibited; exchange of information with United States; violation a misdemeanor.
• Section 58-1-39 - Bank records; prescribing manner of keeping.
• Section 58-1-40 - Reports of condition; special reports; failure to make; penalty.
• Section 58-1-41 - Supervision fees.
• Section 58-1-41.1 - Trust department examination; fees.
• Section 58-1-41.2 - Additional examinations.
• Section 58-1-42 - Repealed.
• Section 58-1-43 - Fees and penalties; disposition.
• Section 58-1-44 - Copies of reports and records; evidence; fees.
• Section 58-1-45 - Court review.
• Section 58-1-46 - Examinations and reports.
• Section 58-1-47 - Commissioner's [Director's] annual report.
• Section 58-1-48 - Records of division.
• Section 58-1-49 - Banking interests of officers and employees of the department of banking [financial institutions division]
• Section 58-1-50 - Limitation of personal liability.
• Section 58-1-51 - Standards in regulations.
• Section 58-1-52 - Incorporators.
• Section 58-1-53 - General corporate powers.
• Section 58-1-54 - Powers of director and of state banks.
• Section 58-1-55 - Capital structure; impairment of capital.
• Section 58-1-56 - Notice of intention.
• Section 58-1-57 - Application for permission to file corporate papers.
• Section 58-1-58 - Determination on application for permission to file with the corporation commission [public regulation commission]
• Section 58-1-59 - Subscription calls.
• Section 58-1-60 - First meetings of stockholders and directors; adoption of bylaws.
• Section 58-1-61 - Certificate of authority.
• Section 58-1-62 - Amendment of articles of incorporation.
• Section 58-1-63 - Repealed.
• Section 58-1-64 - Meetings of stockholders; voting; proxies; voting trusts; preemptive right; transfer of stock; report of holdings.
• Section 58-1-65 - Directors and officers.
• Section 58-1-66 - Directors; meetings and duties.
• Section 58-1-67 - Fidelity bonds and other insurance.
• Section 58-1-68 - Authority to declare dividends.
• Section 58-1-69 - Capital, surplus and undivided profits; accounting requirements.
• Section 58-1-70 - Deposit insurance; membership in federal reserve system.
• Section 58-1-71 - Waivers; corporate action by unanimously signed writing.
• Section 58-1-72 - Voluntary liquidation and dissolution.
• Section 58-1-73 - Director in possession.
• Section 58-1-74 - Requirements of reorganization plan.
• Section 58-1-75 - Liquidation by commissioner [director]
• Section 58-1-76 - Unauthorized conduct of banking business.
• Section 58-1-77 - Receipt of deposits while insolvent.
• Section 58-1-78 - Unlawful service as officer or director.
• Section 58-1-79 - Unlawful gratuity or compensation; transactions of persons connected with state bank.
• Section 58-1-80 - Unlawful concealment of transaction.
• Section 58-1-81 - Improper maintenance of accounts; false or deceptive entries and statements.
• Section 58-1-82 - Reimbursement for fines and penalties.
• Section 58-1-83 - Unlawful use of words "safe deposit.".
• Section 58-1-84 - Unlawful sanctions; violations of rules and orders.
• Section 58-1-85 - Injunction.

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