New Mexico § 58-5-8 [Federal reserve; bank may become stockholder or

New Mexico Statutes

§ 58-5-8 — [Federal reserve; bank may become stockholder or

New Mexico § 58-5-8

Ch. 58Financial Institutions and Regulations

Art. 5Organization and Management

This text of New Mexico § 58-5-8 ([Federal reserve; bank may become stockholder or) 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. § 58-5-8 (2026).

Text

member.] Any incorporated bank may apply to the federal reserve board for the right to subscribe to the stock of the federal reserve bank organized within the federal reserve district where the applicant bank is located, and may become a stockholder of such bank and exercise all of the powers of member banks in accordance with the provisions of the act of congress entitled "Federal Reserve Act," approved December 23, 1913.

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member.] Any incorporated bank may apply to the federal reserve board for the right to subscribe to the stock of the federal reserve bank organized within the federal reserve district where the applicant bank is located, and may become a stockholder of such bank and exercise all of the powers of member banks in accordance with the provisions of the act of congress entitled "Federal Reserve Act," approved December 23, 1913.