2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 26: Interstate Depository Institutions, 58-26-1 through 58-26-8
Section 58-26-6: Formation of new depository institutions.
58-26-6. Formation of new depository institutions.
Until July 1, 1992, no out-of-state depository institution or out-of-state holding company may form a new depository institution in New Mexico. After July 1, 1992, an out-of-state depository institution or out-of-state holding company may form a new depository institution in New Mexico, provided that the new depository institution has a minimum capital stock structure of at least seven million five hundred thousand dollars ($7,500,000), inclusive of common capital and surplus and undivided profits.
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