2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 1: Banking Generally, 58-1-1 through 58-1-85
Section 58-1-19: Identification and segregation of fiduciary assets; investment and deposit of cash.
58-1-19. Identification and segregation of fiduciary assets; investment and deposit of cash.
A state bank holding any asset as a fiduciary shall:
A. segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be permitted by the Uniform Common Trust Fund Act [46-1-13 NMSA 1978] or by other provisions of law or by the writing creating the trust; and
B. record such assets in a separate set of books maintained for fiduciary activities.
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