N.M. Stat. § 58-1-30
This is the official text of N.M. Stat. § 58-1-30, part of New Mexico’s Stat — part of the compiled statutory law of New Mexico, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 58-1-30. Pledge of assets
Official statutory text
A bank may pledge its assets to:
A. enable it to act as agent for the sale of obligations of the United States;
B. secure borrowed funds; or
C. secure deposits when the depositor is required to obtain such security by the laws of the United States, the terms of any interstate compact or by the laws of any state.
A. enable it to act as agent for the sale of obligations of the United States;
B. secure borrowed funds; or
C. secure deposits when the depositor is required to obtain such security by the laws of the United States, the terms of any interstate compact or by the laws of any state.
Status: in_force
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