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NEW MEXICO STATUTES AND CODES
Section 58-1-28 - Borrowing.
58-1-28. Borrowing.
A state bank may borrow money and issue evidence of indebtedness for a loan for temporary purposes in an amount not exceeding its capital and surplus or in such larger amount or for such other purposes as the commissioner [director of the financial institutions division of the regulation and licensing department] approves.
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