New Mexico § 58-1-19 Identification and segregation of fiduciary assets;

New Mexico Statutes

§ 58-1-19 — Identification and segregation of fiduciary assets;

New Mexico § 58-1-19

Ch. 58Financial Institutions and Regulations

Art. 1Banking Generally

This text of New Mexico § 58-1-19 (Identification and segregation of fiduciary assets;) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 58-1-19 (2026).

Text

investment and deposit of cash. A state bank holding any asset as a fiduciary shall: A. segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be permitted by the Uniform Common Trust Fund Act [46- 1-13 to 46-1-16 NMSA 1978] or by other provisions of law or by the writing creating the trust; and B. record such assets in a separate set of books maintained for fiduciary activities.

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investment and deposit of cash. A state bank holding any asset as a fiduciary shall: A. segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be permitted by the Uniform Common Trust Fund Act [46- 1-13 to 46-1-16 NMSA 1978] or by other provisions of law or by the writing creating the trust; and B. record such assets in a separate set of books maintained for fiduciary activities.