New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 16 - BANKING
Part 21 - AUTHORITY OF STATE BANKS TO ISSUE PREFERRED STOCK
Section 12.16.21.6 - OBJECTIVE
Universal Citation: 12 NM Admin Code 12.16.21.6
Current through Register Vol. 35, No. 6, March 26, 2024
The objective of this sub-part [now part] is to allow state chartered banks to issue preferred stock. This sub-part [now part] parallels 12 U.S.C. 51 a, 51b and 51b-1, and Section 325.2(p) of Subchapter B of the regulations of the federal deposit insurance corporation [ 12 C.F.R. Section 325.2 ].
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