State Codes and Statutes
Statutes > New-mexico > Chapter-58 > Article-1 > Section-58-1-2858-1-28. Borrowing.
A state bank may borrow money and issue evidence of indebtedness for a loan for temporary purposes in an amount not exceeding its capital and surplus or in such larger amount or for such other purposes as the commissioner [director of the financial institutions division of the regulation and licensing department] approves.