New Mexico § 58-4-3 Resulting state bank

New Mexico Statutes

§ 58-4-3 — Resulting state bank

New Mexico § 58-4-3

Ch. 58Financial Institutions and Regulations

Art. 4Merger and Consolidation of Banks

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Bluebook

N.M. Stat. Ann. § 58-4-3 (2026).

Text

Upon approval by the director of the financial institutions division, banks may be merged to result in a state bank or a national bank may convert into a state bank as hereafter prescribed, except that the action by a national bank shall be taken in the manner prescribed by and shall be subject to limitations and requirements imposed by the law of the United States which shall also govern the rights of its dissenting stockholders.

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Upon approval by the director of the financial institutions division, banks may be merged to result in a state bank or a national bank may convert into a state bank as hereafter prescribed, except that the action by a national bank shall be taken in the manner prescribed by and shall be subject to limitations and requirements imposed by the law of the United States which shall also govern the rights of its dissenting stockholders.