N.M. Code R. § 12.16.39.8
Current through Register Vol. 35, No. 11, June 11, 2024
Notwithstanding the provisions of Section 58-1-21 B NMSA 1978, the bank may obtain an assignment of bank stock or the proceeds of the stockholder's beneficial interest upon a debt previously contracted in good faith when necessary to prevent loss.
N.M. Code R. § 12.16.39.8