New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 16 - BANKING
Part 64 - INVESTMENT IN SMALL BUSINESS INVESTMENT COMPANIES
Section 12.16.64.8 - INVESTMENT IN SMALL BUSINESS INVESTMENT COMPANIES
Universal Citation: 12 NM Admin Code 12.16.64.8
Current through Register Vol. 35, No. 18, September 24, 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.
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