2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 10: Savings and Loan Associations, 58-10-1 through 58-10-111
Section 58-10-33: General corporate powers.
58-10-33. General corporate powers.
Every association incorporated pursuant to, or operating under, the provisions of the Savings and Loan Act [58-10-1 NMSA 1978] has all powers authorized by the corporation laws of this state, is a body corporate and politic, may sue and be sued, may have a common seal which it may alter at pleasure and has all other powers incident to, or necessary for, the purpose of properly carrying on its business.
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