N.M. Stat. § 58-1-78
This is the official text of N.M. Stat. § 58-1-78, 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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§ 58-1-78. Unlawful service as officer or director
Official statutory text
It is unlawful for any person to serve as an officer or director of a bank, who:
A. is an officer, director or employee of a directly competitive bank in the same community;
B. has been convicted of an offense constituting, in the jurisdiction in which the judgment was rendered, a violation of the banking laws or a felony, or who has been found liable, either in a civil or criminal action, for a breach of trust; or
C. is indebted to the bank for more than thirty days upon a judgment that has become final.
A. is an officer, director or employee of a directly competitive bank in the same community;
B. has been convicted of an offense constituting, in the jurisdiction in which the judgment was rendered, a violation of the banking laws or a felony, or who has been found liable, either in a civil or criminal action, for a breach of trust; or
C. is indebted to the bank for more than thirty days upon a judgment that has become final.
Status: in_force
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