Whenever a violation of the Banking Act, by a bank or an officer, director or employee thereof, is threatened or impending and will cause substantial injury to the institution or to the depositors, creditors or stockholders thereof, the district court of Santa Fe county may, upon the suit of the commissioner [director of the financial institutions division of the regulation and licensing department], issue an injunction restraining such violation.
§ 58-1-85 NMSA 1978
Injunction
Known as the Banking Act
The act spans §§ 58–58 (88 sections).
1953 Comp., § 48-22-73, enacted by Laws 1963, ch. 305, § 73.
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.