At least ninety days prior to any interstate acquisition permitted by the Interstate Depository Institutions Act, the out-of-state depository institution or out-of-state holding company seeking to make an interstate acquisition shall file a notice of intent to make an interstate acquisition with the director. The director shall promulgate the form for such notice. Unless the shareholders of the domestic depository institution or domestic holding company sought to be accquired [acquired] have approved the interstate acquisition as required by applicable law, the director shall immediately notify any domestic depository institution or domestic holding company sought to be acquired in an interstate acquisition of the filing of any such notice and shall provide a copy of the notice to such domestic depository institution or domestic holding company.

Until July 1, 1992, no out-of-state depository institution or out-of-state holding company may form a new depository institution in New Mexico. After July 1, 1992, an out-of-state depository institution or out-of-state holding company may form a new depository institution in New Mexico, provided that the new depository institution has a minimum capital stock structure of at least seven million five hundred thousand dollars ($7,500,000), inclusive of common capital and surplus and undivided profits.

This legal document governs the establishment and operation of principal and branch offices for trust companies engaged in trust business. A trust company may establish its principal office in any county. It may also establish one or more branch offices, subject to certain restrictions and obtaining the approval of the director. To establish a branch office, a trust company must submit an application and investigation fee to the director. The director will consider various factors, such as the financial condition of the trust company and the needs of the community to be served, before approving the application.

The provided legal document content covers various aspects of banking regulations in New Mexico. It includes provisions on the authority of agents to operate bank accounts, payment of funds from a deceased depositor’s account, adverse claims to deposits, operation of deposit accounts for minors and multiple individuals, acceptance and transmission of money, maintenance and lease of safe deposit boxes, access to safe deposit boxes by fiduciaries, operation of state banks under the Banking Act, lending activities of state banks, investments authorized for state banks, acceptance of drafts and issuance of letters of credit by banks, organization and dissolution of state banks, reimbursement for fines and penalties by state banks, qualifications for bank officers and directors, prohibition of receiving deposits while insolvent, plan of reorganization under the Banking Act, notice requirements for stockholders or directors, possession and management of state banks by the director, voluntary liquidation and dissolution of state banks, liquidation of state banks, unlawful use of bank names, prohibition of gratuities and compensation for bank actions, concealment of bank transactions, use of safe deposit box terminology, injunctions for threatened violations of the Banking Act, penalties for unlawful acts or omissions, insurance of deposits and membership in the federal reserve system, accounting requirements for capital, surplus, and undivided profits, meetings and duties of the board of directors of state banks, declaration of dividends from undivided profits, meetings of stockholders, voting, proxies, and preemptive right, application for permission to file with the corporation commission, fidelity bonds and insurance protection for state banks, banking interests of officers and employees of the department, annual report of the commissioner, examinations and reports for state banks, confidentiality of records, admissibility of certified copies of reports and records, and rules and regulations issued by the commissioner.

The provided legal document content pertains to the Credit Union Act in New Mexico. It governs credit unions in the state and provides definitions for various terms used in the Act. The Act includes historical information about amendments and repeals of certain sections. It outlines the process for the formation of a credit union, including the requirements for articles of organization, bylaws, and selection of board members and supervisory committee. The Act allows credit unions to do business outside the state if it is legal in the foreign state or territory involved.

The provided legal document content pertains to the governance and operations of the Credit Union Share Insurance Corporations in New Mexico. It covers various aspects such as taxation, investments, board meetings, termination of membership, powers and duties of the board, assessments for the share insurance fund, definitions of terms, formation of the corporation, service of process, election of directors, governance of directors and officers, membership application process, dissolution and liquidation of the corporation.

The provided legal document is a provision within the New Mexico Statutes Annotated 1978 that governs the use of social security numbers by businesses. It prohibits businesses from making social security numbers available to the general public, requiring their use over the internet without secure connections, printing them on receipts or mailed materials, associating them with bank account numbers, or refusing to transact business due to a refusal to provide a social security number.

The legal document pertains to the Data Breach Notification Act in New Mexico. It requires persons who own or license personal identifying information of a New Mexico resident to implement and maintain reasonable security procedures and practices to protect the information from unauthorized access, destruction, use, modification, or disclosure. The document outlines the notification requirements for security breaches, including the timeframe for notification and the information that must be included in the notification.

The provided legal document content pertains to civil actions against individuals who have drawn worthless checks in New Mexico. The document governs the process by which plaintiffs can seek damages from defendants who have issued such checks. The damages awarded to the plaintiff can be either $100 or triple the amount for which the check is drawn, whichever is greater. However, the damages awarded cannot exceed the amount of the check by more than $500.

The legal document provides regulations and guidelines for the establishment and operation of remote financial service units, including POS terminals and ATMs. It covers various aspects such as ownership limitations, geographic location restrictions, branch office considerations, notice requirements, liability of cardholders, foreign transaction fees, civil actions against violators, safeguards for remote financial service units, and the use of networks for data interchange among financial institutions. The document applies to any person who knowingly and willfully violates the provisions of Section 14 of the Remote Financial Service Unit Act.