New Mexico Statutes
§ 58-10-32 — Power to borrow
New Mexico § 58-10-32
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 10Savings and Loan Associations
This text of New Mexico § 58-10-32 (Power to borrow) 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. § 58-10-32 (2026).
Text
No association shall borrow more money than an aggregate amount equal to fifty percent of its withdrawable savings on the date of borrowing, except that the supervisor may grant immediate authority to exceed this limit for the sole purpose of meeting withdrawals.
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Legislative History
1953 Comp., § 48-15-76, enacted by Laws 1967, ch. 61, § 32.
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 § 58-10-32, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-10-32.