N.M. Stat. § 55-9-342

Current through 2024, ch. 69
Section 55-9-342 - Bank's right to refuse to enter into or disclose existence of control agreement

Chapter 55, Article 9 NMSA 1978 does not require a bank to enter into an agreement of the kind described in Paragraph (2) of Subsection (a) of Section 55-9-104 NMSA 1978, even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.

NMS § 55-9-342

1978 Comp., § 55-9-342, enacted by Laws 2001, ch. 139, § 62.