Section 58-1-47 – Commissioner’s [Director’s] annual report.
A. The commissioner [director of the financial institutions division of the regulation and licensing department] shall report to the governor annually. His report shall include: (1) the text of all rules of general application the department has adopted or altered since his last annual report; (2) a statement of the status and remaining assets and […]
Section 58-1-48 – Records of division.
Information from the records of the division shall be revealed only with the consent of the director. The records of the division are not public records. Any examination reports, financial information contained in applications for charters or files on investigations relating to violations of the Banking Act that do not or have not yet culminated […]
Section 58-1-41 – Supervision fees.
A. Each state bank shall annually pay to the director a supervision fee. The amount of the supervision fee paid by each state bank is computed as follows, based upon assets as of December 31: If the bank’s total assets are The assessment is Over (Thousand) But not over (Thousand) This amount Plus Of excess […]
Section 58-1-41.1 – Trust department examination; fees.
At least once in each calendar year, the director of the financial institutions division of the regulation and licensing department shall cause to be examined the condition of the trust department of each state bank exercising trust powers. A report of examination shall be sent to the board of directors of the bank of which […]
Section 58-1-41.2 – Additional examinations.
Whenever a bank is examined more than once in any calendar year as provided in Section 58-1-46 NMSA 1978, the bank shall pay to the financial institutions division of the regulation and licensing department an amount determined by the director to be sufficient to reimburse the division for its actual expenses in conducting the examination. […]
Section 58-1-42 – Repealed.
ANNOTATIONS Repeals. — Laws 1999, ch. 213, § 10 repeals 58-1-42 NMSA 1978, as enacted by Laws 1975, ch. 330, § 26, relating to fees for filing reports and certificates, effective June 18, 1999. For provisions of former section, see the 1998 NMSA 1978 on NMOneSource.com.
Section 58-1-43 – Fees and penalties; disposition.
The director shall keep a record of all fees and penalties collected by him and all expenses of his office. At the end of each month, unless otherwise provided by law, he shall turn over to the state treasurer all money collected during the month, together with a verified statement showing when and from what […]
Section 58-1-30 – Pledge of assets.
A bank may pledge its assets to: A. enable it to act as agent for the sale of obligations of the United States; B. secure borrowed funds; or C. secure deposits when the depositor is required to obtain such security by the laws of the United States, the terms of any interstate compact or by […]
Section 58-1-31 – Endorsement and signature guaranty and unauthorized assumption of liability.
A. A state bank may assume secondary liability as an endorser of a negotiable or nonnegotiable instrument, which it owns or has received for collection. A state bank may assume the liability of the guarantor of the genuineness of a signature. B. Except as expressly permitted in the Banking Act, a state bank shall not […]
Section 58-1-32 – Director of the financial institutions division; appointment and qualifications; salary.
Upon the effective date of the Commerce and Industry Department Act, the title of the commissioner of banking shall be changed to the “director of the financial institutions division”. All powers and duties heretofore vested by law or otherwise in the state bank examiner or commissioner of banking are hereby transferred to the director of […]