New Mexico Statutes 58-1C-6. De novo branching and acquisition of individual branches not permitted
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Interstate branching, either de novo or by acquisition of one or more branches, not involving all or substantially all of the assets and branches of a New Mexico bank is prohibited.
Terms Used In New Mexico Statutes 58-1C-6
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.