New Mexico Statutes
§ 58-1-30 — Pledge of assets
New Mexico § 58-1-30
This text of New Mexico § 58-1-30 (Pledge of 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. § 58-1-30 (2026).
Text
A bank may pledge its assets to: A. enable it to act as agent for the sale of obligations of the United States; B. secure borrowed funds; or C. secure deposits when the depositor is required to obtain such security by the laws of the United States, the terms of any interstate compact or by the laws of any state.
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Legislative History
1953 Comp., § 48-22-29, enacted by Laws 1963, ch. 305, § 29.
Nearby Sections
15
§ 58-1-1
Short title§ 58-1-11
Access by fiduciaries§ 58-1-13
Lease to minor§ 58-1-14
Search procedure on death§ 58-1-17
Qualification and fiduciary powers§ 58-1-18
Fiduciary bond or oath excused§ 58-1-2
Definitions of banks§ 58-1-2.1
Prohibition§ 58-1-20
Reserves against deposits§ 58-1-21
LoansCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 58-1-30, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-1-30.