New Mexico Statutes
§ 58-10-27 — Misdescription of assets
New Mexico § 58-10-27
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 10Savings and Loan Associations
This text of New Mexico § 58-10-27 (Misdescription 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. § 58-10-27 (2026).
Text
No association shall, directly or indirectly, by any system of account or any device of bookkeeping, knowingly enter any of its assets upon its books in the name of any other person, partnership, association or corporation or under any title or designation that is not truly descriptive of the assets.
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Legislative History
1953 Comp., § 48-15-71, enacted by Laws 1967, ch. 61, § 27.
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 § 58-10-27, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-10-27.