The director may enforce the provisions of the Interstate Bank Acquisition Act by an action for injunctive relief in the district court of Santa Fe county. The director shall give notice promptly to the home state regulator of any action commenced by the director against an out-of-state bank holding company and, to the extent practicable, shall consult and cooperate with that regulator in pursuing and resolving the enforcement action.
History: Laws 1996, ch. 2, § 11.
Severability clauses. — Laws 1996, ch. 2, § 12 provides that if any part of the Interstate Bank Acquisition Act is held invalid or to be superseded, the remainder or its application to other situations or persons shall not be affected.
Structure 2021 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 1B - Interstate Bank Acquisitions
Section 58-1B-1 - Short title.
Section 58-1B-2 - Definitions.
Section 58-1B-3 - Purpose and intent of act.
Section 58-1B-4 - Permitted acquisitions.
Section 58-1B-5 - Required application; forms.
Section 58-1B-6 - Standards for approval.
Section 58-1B-7 - Procedures relating to applications.
Section 58-1B-8 - Reports; examinations.
Section 58-1B-9 - Agency activities.
Section 58-1B-10 - Authority to issue regulations; cooperative agreements; fees.