The purpose of the Interstate Bank Branching Act is to permit interstate bank branching by merger pursuant to the provisions of the federal Regle-Neal Interstate Banking and Branching Efficiency Act of 1994, P.L. 103-328.
History: Laws 1996, ch. 2, § 15.
Compiler's notes. — The Regle-Neal Interstate Banking and Branching Efficiency Act primarily amended several sections throughout Title 12 of the United States Code.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 1C - Interstate Bank Branching
Section 58-1C-1 - Short title.
Section 58-1C-3 - Definitions.
Section 58-1C-4 - Authority of state banks to establish interstate branches by merger.
Section 58-1C-5 - Interstate merger transactions and branching permitted.
Section 58-1C-6 - De novo branching and acquisition of individual branches not permitted.
Section 58-1C-7 - Notice and filing requirements.
Section 58-1C-8 - Condition for interstate merger prior to June 1, 1997.
Section 58-1C-9 - Powers; additional branches.
Section 58-1C-10 - Examinations; periodic reports; cooperative agreements; assessment of fees.
Section 58-1C-11 - Enforcement.
Section 58-1C-12 - Regulations.
Section 58-1C-13 - Notice of subsequent merger and other transactions.