N.M. Stat. § 58-1-46
This is the official text of N.M. Stat. § 58-1-46, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 58-1-46. Examinations and reports
Official statutory text
A. The director shall examine the condition of each state bank at least once in each twelve-month period. A report of examination shall be sent to the board of directors of the organization examined.
B. A bank may be examined within each eighteen-month period if:
(1) the bank has total assets of less than two hundred fifty million dollars ($250,000,000);
(2) the bank is well-capitalized;
(3) when the bank was most recently examined, it was found to be well-managed, and its composite condition was found to be outstanding; or for a bank that has total assets of not more than one hundred million dollars ($100,000,000), it was found to be outstanding or good;
(4) the bank is not subject to a formal enforcement proceeding or order; and
(5) no person acquired control of the bank during the twelve-month period in which an examination would be required but for this subsection.
C. Whenever the director deems it necessary, he may examine any corporation, the majority of the stock of which is owned by a state bank or which he finds is controlled by a state bank.
B. A bank may be examined within each eighteen-month period if:
(1) the bank has total assets of less than two hundred fifty million dollars ($250,000,000);
(2) the bank is well-capitalized;
(3) when the bank was most recently examined, it was found to be well-managed, and its composite condition was found to be outstanding; or for a bank that has total assets of not more than one hundred million dollars ($100,000,000), it was found to be outstanding or good;
(4) the bank is not subject to a formal enforcement proceeding or order; and
(5) no person acquired control of the bank during the twelve-month period in which an examination would be required but for this subsection.
C. Whenever the director deems it necessary, he may examine any corporation, the majority of the stock of which is owned by a state bank or which he finds is controlled by a state bank.
Status: in_force
Need a lawyer in New Mexico?
Find a New Mexico lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.