There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 1C: Interstate Bank Branching, 58-1C-1 through 58-1C-13
Section 58-1C-6: De novo branching and acquisition of individual branches not permitted.
NM Stat § 58-1C-6 (1996 through 1st Sess 50th Legis) What's This?
58-1C-6. De novo branching and acquisition of individual branches not permitted.
Interstate branching, either de novo or by acquisition of one or more branches, not involving all or substantially all of the assets and branches of a New Mexico bank is prohibited.
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