N.M. Code R. § 12.16.60.6
Current through Register Vol. 35, No. 11, June 11, 2024
The objective of this regulation is to provide New Mexico state banks with authority to establish operating subsidiary corporations to conduct only business the bank could conduct directly. This authority is provided to national banks by 12 C.F.R. Section 5.34, Operating Subsidiaries.
N.M. Code R. § 12.16.60.6