N.M. Stat. § 58-1B-3

Current through 2024, ch. 69
Section 58-1B-3 - Purpose and intent of act

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.

NMS § 58-1B-3

Laws 1996, ch. 2, § 3.