Interstate branching, either de novo or by acquisition of one or more branches, not involving all or substantially all of the assets and branches of a New Mexico bank is prohibited.
§ 58-1C-6 NMSA 1978
De novo branching and acquisition of individual branches not permitted
Known as the Interstate Bank Branching Act
The act spans §§ 58–58 (13 sections).
Laws 1996, ch. 2, § 19.
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.