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New Mexico Statutes Chapter 58. Financial Institutions and Regulations § 58-1-77. Receipt of deposits while insolvent

Current as of January 01, 2024 | Updated by Findlaw Staff

It is unlawful for a bank to receive any deposit while insolvent or for an officer, director or employee who knows or, in the proper performance of his duty, should know of such insolvency to receive or authorize the receipt of such deposit.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 58. Financial Institutions and Regulations § 58-1-77. Receipt of deposits while insolvent - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-58-financial-institutions-and-regulations/nm-st-sect-58-1-77/

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