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 58-10-65 – 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 […]
Section 58-10-59 – Savings accounts of minors.
Any association operating under the Savings and Loan Act, and any federal savings and loan association doing business in this state, may accept savings accounts in the name of a minor or in the name of two or more persons, one or more of whom are minors, and pay the account to the order of […]
Section 58-10-60 – Power of attorney on savings accounts.
Any association or federal association may continue to recognize the authority of an attorney-in-fact authorized in writing to manage or to make withdrawals, in whole or in part, from the savings account of a member, whether minor or adult, until it receives written notice or is on actual notice of the revocation of his authority. […]