New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 9 - Trust Companies

Section 58-9-1 - Short title. - Chapter 58, Article 9 NMSA 1978 may be cited as...

Section 58-9-2 - Definitions. - As used in the Trust Company Act: A. "director" means...

Section 58-9-3 - Exemptions. - A. For the purposes of the Trust Company Act [Chapter...

Section 58-9-4 - Certificate required; compliance with state and federal law; separation of trust fund and investments. - A. No person, legal entity or corporation shall engage in...

Section 58-9-5 - Application for certificate; fee. - A. An application for a certificate shall be in writing,...

Section 58-9-6 - Minimum capital. - A. A certificate shall not be issued to an applicant...

Section 58-9-6.1 - State of incorporation. - A certificate shall not be issued to an applicant other...

Section 58-9-7 - Fidelity bond; insurance required; evidence of financial responsibility required. - A. No corporation shall obtain a certificate without securing and...

Section 58-9-8 - Procedure for granting or denying certificate. - A. Upon the filing of an application for a certificate,...

Section 58-9-8.1 - Principal and branch offices. - A. A trust company may establish its principal office in...

Section 58-9-9 - Powers of director. - In addition to other powers conferred by the Trust Company...

Section 58-9-10 - Impairment of capital; unsafe conditions; receivership. - A. If it appears to the director that the capital...

Section 58-9-11 - Discontinuing business; reorganization; continuing jurisdiction. - A. Whenever any corporation desires to discontinue doing a trust...

Section 58-9-12 - Penalty for noncompliance. - A. It is unlawful for any corporation to carry on...

Section 58-9-13 - Repealed. - History: 1953 Comp., § 48-24-13, enacted by Laws 1973, ch....

Section 58-9-14 - Appeals. - A. A person aggrieved by a final order of the...