Section 58-10-104 – Authority to engage in leasing safe deposit facilities; subsidiary company.
A. Subject to any regulations the supervisor may prescribe, an association may maintain and lease safe deposit boxes and may accept property or documents for safekeeping if, with the exception of night depositories, it issues a receipt for each transaction. B. An association may own stock in safe deposit companies not exceeding in aggregate cost […]
Section 58-10-105 – Access by fiduciaries.
A. Where access to a safe deposit box is requested by one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the writings pursuant to which such fiduciaries are acting, allow access to, and removal of, the contents of the safe deposit box upon obtaining proper […]
Section 58-10-106 – Effect of lessee’s death or incapacity.
When a lessor, without knowledge of a lessee’s death or of an adjudication of his incapacity, deals with a lessee’s agent pursuant to a written power of attorney signed by the lessee, the transaction binds the lessee’s estate and the lessee. History: 1953 Comp., § 48-15-146, enacted by Laws 1971, ch. 242, § 6; 1975, […]
Section 58-10-107 – Lease to minor.
A lessor may lease a safe deposit box to, and in this connection deal with, a minor with the same effect as if leasing to, and dealing with, a person of full legal capacity. History: 1953 Comp., § 48-15-147, enacted by Laws 1971, ch. 242, § 7. ANNOTATIONS Cross references. — For the age of […]
Section 58-10-79 – Additional examinations.
Whenever, in the judgment of the supervisor, the condition of any association renders it necessary or expedient to make an additional examination, or to devote any extraordinary attention to its affairs, the supervisor shall cause the work to be done at the expense of the association. A complete copy of the report of all examinations […]
Section 58-10-95 – Violations; criminal penalties.
It is unlawful for any person to knowingly violate any provision of the Savings and Loan Act or any lawful rule or regulation or order of the supervisor and any person responsible for such violation is guilty: A. of a misdemeanor punishable by imprisonment for a term not exceeding one year or a fine not […]
Section 58-10-80 – Order to discontinue violations.
As a result of any examination, or from any report made to him, if the supervisor finds that any association or any director, officer or employee of any association is violating the provisions of the charter or bylaws of the association, or the laws of this state or the United States or any lawful regulation […]
Section 58-10-96 – Suppressing evidence; felony.
Any officer, director, employee or agent of any association subject to the Savings and Loan Act who, for the purpose of concealing any fact or suppressing any evidence against himself or against any other person, abstracts, removes, mutilates, destroys or secretes any paper, book or record of any association or of the supervisor, is guilty […]
Section 58-10-81 – Removal of directors, officers and employees.
The supervisor may require that any director, officer or employee of an association who has participated in a violation, as described in Section 78 [58-10-80 NMSA 1978] of the Savings and Loan Act, be removed from the association if the action of the person or persons concerned was knowingly and willfully taken. Prior to entering […]
Section 58-10-97 – Disclosure of confidential information; felony; civil liability.
The supervisor or any examiner, inspector, deputy, assistant or clerk appointed or acting under the provisions of the Savings and Loan Act who fails to keep secret any facts or information regarding an association obtained in the course of an examination or by reason of his official position, except when the public duty of the […]