State Codes and Statutes

Statutes > New-mexico > Chapter-58 > Article-1 > Section-58-1-28

58-1-28. 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.   

State Codes and Statutes

Statutes > New-mexico > Chapter-58 > Article-1 > Section-58-1-28

58-1-28. 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.   


State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-58 > Article-1 > Section-58-1-28

58-1-28. 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.