A state bank shall obtain insurance of its deposits by the United States or any agency thereof, and may acquire and hold membership in the federal reserve system.
§ 58-1-70 NMSA 1978
Deposit insurance; membership in federal reserve system
Known as the Banking Act
The act spans §§ 58–58 (88 sections).
1953 Comp., § 48-22-58, enacted by Laws 1963, ch. 305, § 58.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.