N.M. Stat. § 58-1-27

Current through 2024, ch. 69
Section 58-1-27 - Sale of assets in ordinary course

A bank may sell any asset in the ordinary course of business, or with the approval of the commissioner [director of the financial institutions division of the regulation and licensing department] in any other circumstance, but the sale of all or substantially all of the assets of a bank or of a department thereof is governed by Section 58-4-9 NMSA 1978.

NMS § 58-1-27

1953 Comp., § 48-22-27, enacted by Laws 1963, ch. 305, § 27.