Section 58-10-108 – Search procedure on death.
A. A lessor shall permit the person named in a court order for the purpose or, if no order has been served upon the lessor, the spouse, a parent, an adult descendant or a person named as an executor in a copy of a purported will produced by him, to open and examine the contents […]
Section 58-10-109 – Adverse claims to contents of safe deposit box.
A. An adverse claim to the contents of a safe deposit box, or to property held in safekeeping, is not sufficient to require the lessor to deny access to its lessee unless: (1) the lessor is directed to do so by a court order issued in an action in which the lessee is served with […]
Section 58-10-110 – Special remedies for nonpayment of rent.
A. If the rental due on a safe deposit box has not been paid for one year, the lessor may send a notice by certified or registered mail to the lessee’s last known address stating that the safe deposit box will be opened and its contents stored at the lessee’s expense unless payment of rental […]
Section 58-10-111 – Limitation of liability on construction loans.
Any association which makes a loan whose proceeds the borrower uses, or may use, to finance the design, manufacture, construction, repair, modification or improvement of real or personal property for sale or lease to others is not liable to third persons for: A. any loss or damage resulting from any defect in the property; or […]
Section 58-10-98 – Conversion into federal association.
Any association may convert itself into a federal association in accordance with the provisions of the Home Owners Loan Act of 1933, as amended, upon a vote of fifty-one percent or more of the votes of the members cast at an annual meeting or at any special meeting called for the purpose. A copy of […]
Section 58-10-99 – Conversion into state chartered association.
Any federal association may convert itself into an association under the Savings and Loan Act upon a vote of fifty-one percent or more of the votes of members of the federal association cast at an annual meeting or at a special meeting called for the purpose. Copies of the minutes of the proceedings of the […]
Section 58-10-100 – Conversion of association without permanent stock into permanent capital stock association.
Any association without permanent capital stock may convert itself into a permanent capital stock association upon a vote of fifty-one percent or more of the votes of members of the association without permanent capital stock cast at an annual meeting or at any special meeting called for the purpose. Copies of the minutes of the […]
Section 58-10-101 – Foreign associations.
A. No foreign corporation or foreign association shall transact the business of an association within this state beyond a radius of one hundred miles from its principal office. B. Any foreign corporation or foreign association seeking to transact business within this state shall: (1) comply with all laws of this state pertaining to the admission […]
Section 58-10-102 – Federal associations; applicability.
Any federal association whose principal office is located in New Mexico is not a foreign corporation. Unless federal laws or regulations provide otherwise, such federal association and its members possesses [possess] all rights, powers, privileges, benefits, immunities and exceptions now or hereafter provided by the laws of this state for associations and for the members […]
Section 58-10-103 – Payment from savings account of decedent.
A. Where no executor or administrator of a deceased savings account depositor has qualified and given notice of his qualification to a savings and loan association, it may pay out of all savings accounts maintained with it by the deceased in his individual capacity all sums which do not exceed two thousand dollars ($2,000) in […]