New Mexico Statutes
§ 58-1-77 — Receipt of deposits while insolvent
New Mexico § 58-1-77
This text of New Mexico § 58-1-77 (Receipt of deposits while insolvent) 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. § 58-1-77 (2026).
Text
It is unlawful for a bank to receive any deposit while insolvent or for an officer, director or employee who knows or, in the proper performance of his duty, should know of such insolvency to receive or authorize the receipt of such deposit.
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Legislative History
1953 Comp., § 48-22-65, enacted by Laws 1963, ch. 305, § 65.
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 § 58-1-77, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-1-77.