N.M. Code R. § 12.16.64.8
Current through Register Vol. 35, No. 11, June 11, 2024
Shares of stock in SBICs shall be eligible for purchase by state-chartered banks; except that in no event may any such bank acquire shares in any SBIC if, upon the making of that acquisition, the aggregate amount of shares in SBICs then held by the bank would exceed five percent (5%) of its capital and surplus.
N.M. Code R. § 12.16.64.8