New Mexico Statutes 58-12-2. Definitions
As used in the Credit Union Share Insurance Corporation Act:
Terms Used In New Mexico Statutes 58-12-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A. “corporation” means the credit union share insurance corporation of this state; B. “board” means the board of directors of the corporation;
C. “commissioner” means the director of the financial institutions division; D. “directors” means the directors of the corporation;
E. “member” means a credit union which has become a member of the corporation;
F. “delegate” means a person designated by a member’s board of directors to represent the member in the organization and the operation of the corporation;
G. “fund” means the share insurance fund; and
H. “supervisory agency” means any state governmental agency statutorily responsible for the supervision and regulation of any member not chartered in the state of New Mexico.