There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 58: Financial Institutions and Regulations
Article 2: Insurance of Bank Deposits, 58-2-1 through 58-2-8
Section 58-2-1: "Banking institution" defined.
NM Stat § 58-2-1 (1996 through 1st Sess 50th Legis) What's This?
58-2-1. ["Banking institution" defined.]
The term "banking institution," as used in this act [58-2-1 to 58-2-8 NMSA 1978] shall be construed to mean any bank, trust company, bank and trust company, stock savings bank or mutual savings bank, which is now or may hereafter be organized under the laws of this state.
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