The term "banking institution," as used in this act [58-2-1 to 58-2-8 NMSA 1978] shall be construed to mean any bank, trust company, bank and trust company, stock savings bank or mutual savings bank, which is now or may hereafter be organized under the laws of this state.
History: Laws 1935, ch. 16, § 1; 1941 Comp., § 50-1101; 1953 Comp., § 48-11-1.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 1.
9 C.J.S. Banks and Banking § 2.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 2 - Insurance of Bank Deposits
Section 58-2-1 - ["Banking institution" defined.]
Section 58-2-2 - [Acceptance of federal laws.]
Section 58-2-3 - [Liquidation of banks by federal deposit insurance corporation.]
Section 58-2-4 - [Subrogation of federal corporation.]
Section 58-2-5 - Exchange of information.
Section 58-2-6 - Loans by and sale of assets to federal corporation.
Section 58-2-7 - [Federal corporation as receiver or liquidator; possession of and title to assets.]