New Mexico Statutes
§ 58-1B-3 — Purpose and intent of act
New Mexico § 58-1B-3
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 1BInterstate Bank Acquisitions
This text of New Mexico § 58-1B-3 (Purpose and intent of act) 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. § 58-1B-3 (2026).
Text
The purpose of the Interstate Bank Acquisition Act is to establish the conditions under which a company may acquire a New Mexico bank or a New Mexico bank holding company. In enacting it the legislature intends to avoid discrimination against out-of- state bank holding companies or foreign bank holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act.
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Legislative History
Laws 1996, ch. 2, § 3.
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 § 58-1B-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-1B-3.