New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 16 - BANKING
Part 61 - INVESTMENTS IN ENTERPRISES CONDUCTING BUSINESS RELATED TO BANKING
Section 12.16.61.7 - DEFINITIONS
Universal Citation: 12 NM Admin Code 12.16.61.7
Current through Register Vol. 35, No. 6, March 26, 2024
"Activities that are incidental to the business of banking" means activities permissible under paragraphs 1863 and 1864(f) of the Bank Service Corporation Act ( 12 U.S.C. Sections 1861 - 1867 ), except as otherwise restricted by applicable state law; and other activities approved by the director of the financial institutions division.
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