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NEW MEXICO STATUTES AND CODES

Section 58-5-3 - Branch banks; permit to open; powers; location.

58-5-3. Branch banks; permit to open; powers; location.

Branches of banks authorized under the provisions of this article are authorized to accept deposits, cash checks, buy and sell exchange, make loans and do a general banking business.  A permit to open the branch shall first be obtained from the director.   

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