New Mexico Statutes
§ 58-4-12 — Book value of assets
New Mexico § 58-4-12
JurisdictionNew Mexico
Ch. 58Financial Institutions and Regulations
Art. 4Merger and Consolidation of Banks
This text of New Mexico § 58-4-12 (Book value 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. § 58-4-12 (2026).
Text
Without approval by the director of the financial institutions division no asset shall be carried on the books of the resulting or purchasing state bank at a valuation higher than that on the books of the merging or converting bank at the time of its last examination by a state or national bank examiner before the effective date of the merger or conversion.
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Legislative History
1941 Comp., § 50-1912, enacted by Laws 1951, ch. 37, § 12; 1953 Comp., §
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 § 58-4-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/58/58-4-12.