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 N.M. Stat. Ann..

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Terms Used In New Mexico Statutes 58-1-27

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.