Esheria Regulatory Atlas
Financial services, banking, payments, credit, securities, and regulated finance. Every result links to its stored legal text and available official source evidence.
828 matching statutes
United States — New Mexico
1 provisions
If an obligated bank wrongfully refuses to pay certain bank checks, the person entitled to enforce the check can recover expenses, lost interest, and sometimes consequential damages.
United States — New Mexico
1 provisions
A payor bank may process and charge items in any order, but late notice, stop-payment orders, legal process, or setoff do not affect the bank once certain processing steps or the check cutoff time has been reached.
United States — New Mexico
1 provisions
State banks and trust companies may buy or sell substantially all of a bank’s assets and business, but the sale must be approved, noticed, and filed as required.
United States — New Mexico
1 provisions
This section defines several banking terms, including “bank,” “bank holding company,” “company,” “control,” and “state bank.”
United States — New Mexico
1 provisions
A New Mexico state bank may open interstate branches through an interstate merger only with prior director approval, and the bank must file required documents and pay a prescribed fee by the filing date for the merger application.
United States — New Mexico
1 provisions
An association may convert to a state bank, but it must follow application, approval, stockholder vote, and filing steps.
United States — New Mexico
1 provisions
A state bank may merge with or convert into a resulting national bank, but the merger or conversion needs approval by holders of two-thirds of each class of voting stock and the bank’s franchise ends when the transaction is completed.
United States — New Mexico
1 provisions
A receiving bank must accept a payment order only if an express agreement requires it; otherwise it generally has no duty to accept or act on the order before acceptance.
United States — New Mexico
1 provisions
A state bank may make several specified investments, including certain obligations, bonds, industrial revenue bonds, and other securities, subject to percentage limits and some director approval.
United States — New Mexico
1 provisions
Department officers and employees are barred from holding interests in banks, taking bank payments or gratuities, owing state banks, or arranging loans for others with state banks, subject to stated exceptions.
United States — New Mexico
1 provisions
A receiving bank may limit enforcement of a payment order by written agreement, and it cannot enforce or retain payment if the customer proves the order was not caused by certain insiders or access-based fraud. The rule also applies to amendments of payment orders.
United States — New Mexico
1 provisions
A beneficiary’s bank that accepts a payment order must pay the beneficiary and, in some cases, notify the beneficiary on time.