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§ 58-1B-5 NMSA 1978

Required application; forms

Known as the Interstate Bank Acquisition Act

The act spans §§ 58–58 (11 sections).

Laws 1996, ch. 2, § 5.

A. A company that proposes to make an acquisition pursuant to the Interstate Bank Acquisition Act shall:

(1) file with the director a copy of the application that the company has filed with the responsible federal bank supervisory agency and any additional information prescribed by the director; and

(2) pay to the director any application fee prescribed by the director.

B. As long as they are consistent with the effective discharge of the director's responsibilities, the application and reporting forms established pursuant to the Interstate Bank Acquisition Act shall conform to those established for the same purposes by the board of governors of the federal reserve system pursuant to the Bank Holding Company Act.

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.