New Mexico § 58-1-4 - Effect on existing banks
Full text of New Mexico New Mexico Statutes Annotated § 58-1-4 — Effect on existing banks, with citation guidance and answers to common questions.
§ 58-1-4. Effect on existing banks
The articles of incorporation of state banks existing at the time of the adoption
of the Banking Act shall continue in full force and effect, but all state banks and,
to the extent applicable, all banks shall thereafter be operated in accordance with
the provisions of the Banking Act, and any state bank by filing an application for
an amendment of its articles of incorporation, or for a merger, consolidation or sale
of all, or substantially all, of its assets or the assets of any department under
the Banking Act and its articles of incorporation, shall thereafter be subject to
the Banking Act.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 58-1-4
What does New Mexico Statutes Annotated § 58-1-4 cover?
Section 58-1-4 ("Effect on existing banks") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 58-1-4?
A common citation format is "New Mexico Statutes Annotated § 58-1-4" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 58-1-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.