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New Mexico Statutes Annotated 1978

10

Savings and Loan Associations

State of New Mexico

58-10-1Short title 58-10-2Definitions 58-10-3Application for charter 58-10-4Permanent capital stock 58-10-5Stock requirements for proposed permanent capital stock associations 58-10-6Paid-in surplus and operating fund requirements for proposed permanent capital stock associations 58-10-7Savings account requirements for proposed permanent capital stock associations 58-10-8Savings account requirements for proposed associations without permanent capital stock 58-10-9Expense fund requirements for proposed associations without permanent capital stock 58-10-10Capital debentures or notes 58-10-11Hearings on charter application 58-10-12Approval of application for charter 58-10-13Refusal of charter application; appeal 58-10-14Forfeiture of charter for failure to commence business 58-10-15Amendment of charter and bylaws 58-10-16Corporate name; exclusive use 58-10-17Branch offices 58-10-18Change of office 58-10-19Board of directors 58-10-20Organizational meeting 58-10-21Qualification of directors 58-10-22Officers 58-10-23Indemnity bonds of directors, officers and employees 58-10-24Meetings; voting 58-10-25Access to records 58-10-26Records 58-10-27Misdescription of assets 58-10-28Charging off or setting up reserves against bad assets 58-10-29Membership records 58-10-30Financial statement 58-10-31Annual reports; other reports 58-10-32Power to borrow 58-10-33General corporate powers 58-10-34Fiscal agent 58-10-35Powers under federal law 58-10-36Original real estate loans 58-10-37Dealing in real estate loans 58-10-38Participation with others in real estate loans 58-10-39Requirements in lending transactions 58-10-40Advances to protect security 58-10-41Charges for real estate loans 58-10-42Insured and guaranteed loans 58-10-43Loans on security of savings accounts 58-10-44Property improvement, educational and manufactured home financing loans 58-10-45Investment in securities 58-10-46Acquisition of real property 58-10-47Investment in office buildings 58-10-48Valuation of real property of an association 58-10-49Appraisals of real estate owned 58-10-50Powers and privileges of association 58-10-51Limitation on savings accounts 58-10-52Uninsured accounts; notice 58-10-53Insurance of accounts; failure to obtain or maintain 58-10-54Who may open a savings account 58-10-55Savings contracts 58-10-56Evidence of account ownership 58-10-57Transfer of savings accounts 58-10-58Lost or destroyed evidence of ownership 58-10-59Savings accounts of minors 58-10-60Power of attorney on savings accounts 58-10-61Pledge of savings account in joint tenancy 58-10-62Accounts of fiduciaries 58-10-63Withdrawals from savings accounts 58-10-64Redemption of savings accounts 58-10-65Lien on savings accounts 58-10-66Paying dividends on savings accounts 58-10-67Computation of net income 58-10-68Transfers to loss reserves 58-10-69Dividends on permanent capital stock 58-10-70Use of surplus accounts and expense fund contributions 58-10-71Savings and loan supervisor 58-10-72General powers of supervisor 58-10-73Regulations 58-10-74Confidential information 58-10-75Supervisor; disposition of fees 58-10-76Audits and examinations; fees 58-10-77Other examinations 58-10-78Federal examination 58-10-79Additional examinations 58-10-80Order to discontinue violations 58-10-81Removal of directors, officers and employees 58-10-82Order to refrain from voting shares 58-10-83Emergency power of supervisor 58-10-84When order is final; appeal 58-10-85Receivership 58-10-86Communications from supervisor 58-10-87Reorganization; merger; consolidation 58-10-88Voluntary liquidation 58-10-89Exemption from securities laws 58-10-90All businesses to conform 58-10-91Outstanding items considered as savings accounts 58-10-92Judicial review 58-10-93Slander; felony 58-10-94Violation of act; civil penalty 58-10-95Violations; criminal penalties 58-10-96Suppressing evidence; felony 58-10-97Disclosure of confidential information; felony; civil liability 58-10-98Conversion into federal association 58-10-99Conversion into state chartered association 58-10-100Conversion of association without permanent stock into permanent capital stock association 58-10-101Foreign associations 58-10-102Federal associations; applicability 58-10-103Payment from savings account of decedent 58-10-104Authority to engage in leasing safe deposit facilities; subsidiary company 58-10-105Access by fiduciaries 58-10-106Effect of lessee's death or incapacity 58-10-107Lease to minor 58-10-108Search procedure on death 58-10-109Adverse claims to contents of safe deposit box 58-10-110Special remedies for nonpayment of rent 58-10-111Limitation of liability on construction loans