Section 58-10-74 – Confidential information.
The supervisor, deputy and his employees shall not divulge any information acquired by them in the discharge of their duties under the Savings and Loan Act except as necessary by law or under order of court. The supervisor may furnish information as to the condition of any association to the federal home loan bank board […]
Section 58-10-75 – Supervisor; disposition of fees.
All money collected by the supervisor shall be paid to the state treasurer for credit to the state general fund. History: 1953 Comp., § 48-15-118, enacted by Laws 1967, ch. 61, § 74. ANNOTATIONS Cross references. — For meaning of “supervisor”, see 58-10-2J NMSA 1978.
Section 58-10-76 – Audits and examinations; fees.
The supervisor shall, at least once each year without previous notice, examine or cause an examination to be made into the affairs of each association subject to the Savings and Loan Act. If an association is not audited at least once each year in a manner satisfactory to the supervisor, he shall order an audit […]
Section 58-10-77 – Other examinations.
The supervisor may examine any service corporation in which an association has invested its funds, and any corporation owning twenty-five percent or more of the outstanding capital stock of an association, the same as if the corporation were an association. History: 1953 Comp., § 48-15-119.1, enacted by Laws 1976, ch. 57, § 3. ANNOTATIONS Cross […]
Section 58-10-63 – Withdrawals from savings accounts.
A. Any savings account holder may, at any time, present a written application for withdrawal of all or any part of his savings account except to the extent it may be pledged to the association or to another person on the books of the association. The association may pay in full each withdrawal request as […]
Section 58-10-64 – Redemption of savings accounts.
At any time funds are on hand for the purpose, an association may redeem, by lot or otherwise as determined by the board of directors, all or any part of any of its savings accounts on a dividend date by giving thirty days’ notice by mail addressed to each affected account holder at his last […]
Section 58-10-65 – Lien on savings accounts.
Every association operating under the Savings and Loan Act, or any federal association doing business in this state, has a lien, without further agreement or pledge, upon all savings accounts owned by any member to whom, or on whose behalf, the association has made an advance of money by loan or otherwise and, the lien […]
Section 58-10-66 – Paying dividends on savings accounts.
After providing for payment of expenses of operation of the association and for the required minimum transfer to its loss reserves, the board of directors of an association may declare dividends or pay interest on savings accounts not to exceed four times a year. An association need not pay or credit a dividend or pay […]
Section 58-10-67 – Computation of net income.
Each association shall close its books on the last business day of June and December each year, and at such other times as its bylaws may provide. History: 1953 Comp., § 48-15-110, enacted by Laws 1967, ch. 61, § 66.
Section 58-10-58 – Lost or destroyed evidence of ownership.
A new account book or certificate may be issued in the name of the holder of record at any time when requested by the holder or his legal representative upon proof satisfactory to the association that the original book or certificate has been lost or destroyed. The new account book or certificate shall expressly state […]