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New Mexico Statutes > Chapter 58 > Article 4 – Merger and Consolidation of Banks

§ 58-4-1 Additional definitions
§ 58-4-2 Resulting national bank
§ 58-4-3 Resulting state bank
§ 58-4-4 Merger procedure; resulting state bank
§ 58-4-5 Merger; approval by stockholders of state banks
§ 58-4-6 Effective date of merger; filing of approved agreement;
§ 58-4-7 Conversion of national into state bank
§ 58-4-8 Continuation of corporate entity; use of old name
§ 58-4-9 Sale of all assets of bank or department
§ 58-4-10 Dissenting stockholders
§ 58-4-11 Nonconforming assets or business
§ 58-4-12 Book value of assets
§ 58-4-13 Conversion of savings association to a state bank

Terms Used In New Mexico Statutes > Chapter 58 > Article 4

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • association: includes a state or federal savings and loan association unless limited by use of the words "state" or "federal". See New Mexico Statutes 58-4-1
  • Contract: A legal written agreement that becomes binding when signed.
  • converting bank: means a bank converting from a state bank to a national bank or the reverse. See New Mexico Statutes 58-4-1
  • 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.
  • dissenting stockholder: means a stockholder dissenting and voting his dissent as provided in this article. See New Mexico Statutes 58-4-1
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • merger: includes consolidation. See New Mexico Statutes 58-4-1
  • merging bank: means a party to a merger. See New Mexico Statutes 58-4-1
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • National Bank Examiner: An employee of the Comptroller of the Currency whose function is to examine national banks periodically to determine the financial position of a bank and the security of its deposits. The examiner also verifies that the bank maintains procedures consistent with federal banking laws and regulations. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • resulting bank: means the bank resulting from a merger or conversion. See New Mexico Statutes 58-4-1
  • Trustee: A person or institution holding and administering property in trust.

New Mexico Statutes > Chapter 58 > Article 4 – Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives and Federal

§ Covered Investment Advisers 58-13C-401 Broker-dealer registration requirement and exemptions

New Mexico Statutes > Chapter 58 > Article 4 – Currency Exchange Licenses

§ 58-32-401 License required
§ 58-32-402 Application for license
§ 58-32-403 Issuance of license
§ 58-32-404 Renewal of license

Terms Used In New Mexico Statutes > Chapter 58 > Article 4

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.