New Mexico § 58-1-41 - Supervision fees
Full text of New Mexico New Mexico Statutes Annotated § 58-1-41 — Supervision fees, with citation guidance and answers to common questions.
§ 58-1-41. Supervision fees
A. Each state bank shall annually pay to the director a supervision fee. The amount of the supervision fee paid by each state bank is computed as follows,
based upon assets as of December 31: If the bank's total assets are-- The assessment is-- Over-- But not over-- This amount-- Plus-- Of excess over-- (Thousand) (Thousand) (Thousand) --0-- 30,000 --0-- .000210 --0-- 30,000 60,000 6,300 .000182 30,000 60,000 100,000 11,745 .000168 60,000 100,000 150,000 18,465 .000158 100,000 150,000 200,000 26,340 .000147 150,000 200,000 33,690 .000143 200,000. B. The fee shall be paid on or before the March 1 following the asset computation. For failure to pay the supervision fee when due, unless excused for cause by the
director, the bank shall pay to the division one hundred dollars ($100) for every
day of its delinquency. C. The director may proscribe lower supervision fees by regulation. In determining the amounts of the lower fees, the director may use criteria other
than total assets of banks.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 58-1-41
What does New Mexico Statutes Annotated § 58-1-41 cover?
Section 58-1-41 ("Supervision fees") 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 § 58-1-41?
A common citation format is "New Mexico Statutes Annotated § 58-1-41" (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 § 58-1-41 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.