N.M. Stat. § 58-1-41
This is the official text of N.M. Stat. § 58-1-41, 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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§ 58-1-41. Supervision fees
Official statutory text
A. Each state bank shall annually pay to the director a supervision fee. The amount of the supervision fee paid by each state bank is computed as follows, based upon assets as of December 31:
If the bank's total assets are--
The assessment is--
Over--
But not over--
This amount--
Plus--
Of excess over--
(Thousand)
(Thousand)
(Thousand)
--0--
30,000
--0--
.000210
--0--
30,000
60,000
6,300
.000182
30,000
60,000
100,000
11,745
.000168
60,000
100,000
150,000
18,465
.000158
100,000
150,000
200,000
26,340
.000147
150,000
200,000
33,690
.000143
200,000.
B. The fee shall be paid on or before the March 1 following the asset computation. For failure to pay the supervision fee when due, unless excused for cause by the director, the bank shall pay to the division one hundred dollars ($100) for every day of its delinquency.
C. The director may proscribe lower supervision fees by regulation. In determining the amounts of the lower fees, the director may use criteria other than total assets of banks.
If the bank's total assets are--
The assessment is--
Over--
But not over--
This amount--
Plus--
Of excess over--
(Thousand)
(Thousand)
(Thousand)
--0--
30,000
--0--
.000210
--0--
30,000
60,000
6,300
.000182
30,000
60,000
100,000
11,745
.000168
60,000
100,000
150,000
18,465
.000158
100,000
150,000
200,000
26,340
.000147
150,000
200,000
33,690
.000143
200,000.
B. The fee shall be paid on or before the March 1 following the asset computation. For failure to pay the supervision fee when due, unless excused for cause by the director, the bank shall pay to the division one hundred dollars ($100) for every day of its delinquency.
C. The director may proscribe lower supervision fees by regulation. In determining the amounts of the lower fees, the director may use criteria other than total assets of banks.
Status: in_force
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