Such bank or trust company shall continue to be subject to the supervision and examination required by the laws of this state, except that the federal reserve board shall have the right, if it deems necessary, to make examinations; and the authorities of this state having supervision over such banks or trust companies may disclose to the federal reserve board, or to examiners duly appointed by it, all information in reference to the affairs of any bank or trust company which has become, or desires to become, a member of a federal reserve bank.
History: Laws 1915, ch. 67, § 98, enacted by Laws 1919, ch. 120, § 35; C.S. 1929, § 13-703; 1941 Comp., § 50-224; 1953 Comp., § 48-2-29.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 18.
9 C.J.S. Banks and Banking § 652.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 5 - Organization and Management
Section 58-5-1 - Board of directors; oaths.
Section 58-5-2 - Branch banks.
Section 58-5-3 - Branch banks; permit to open; powers; location.
Section 58-5-5 - [Prior bank agencies; designation as branches.]
Section 58-5-6 - Banking days; notice; closing.
Section 58-5-7 - Legal holidays for banks.
Section 58-5-8 - [Federal reserve; bank may become stockholder or member.]
Section 58-5-10 - [Federal reserve member banks; state examination.]