New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 16 - BANKING
Part 39 - BANK STOCK TAKEN AS SECURITY FOR DEBT PREVIOUSLY CONTRACTED
Section 12.16.39.6 - OBJECTIVE
Universal Citation: 12 NM Admin Code 12.16.39.6
Current through Register Vol. 35, No. 18, September 24, 2024
The objective of this sub-part [now part] is to authorize state banks to obtain an assignment of bank stock or proceeds of the stockholders beneficial interest within the provisions stated herein. This power is provided to national banks by 12 C.F.R. Section 7.6030.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
