Section 58-1-85 - Injunction. - New Mexico Statutes

58-1-85. Injunction.

Whenever a violation of the Banking Act [58-1-1 NMSA 1978], by a bank or an officer, director or employee thereof, is threatened or impending and will cause substantial injury to the institution or to the depositors, creditors or stockholders thereof, the district court of Santa Fe county may, upon the suit of the commissioner [director of the financial institutions division of the regulation and licensing department], issue an injunction restraining such violation.