New Mexico § 58-1-2.1 - Prohibition
Full text of New Mexico New Mexico Statutes Annotated § 58-1-2.1 — Prohibition, with citation guidance and answers to common questions.
§ 58-1-2.1. Prohibition
No bank holding company may own an institution which is an “insured bank” as defined
in Section 3(h) of the Federal Deposit Insurance Act 1 or is eligible to make application to become an insured bank pursuant to Section
5 of the Federal Deposit Insurance Act 2 and accepts deposits that the depositor may withdraw by check or similar means for
payment to third parties or is engaged in the business of making commercial loans
but does not both accept such deposits and make commercial loans. 1
12 U.S.C.A. § 1813(h). 2
12 U.S.C.A. § 1815.
Frequently Asked Questions About New Mexico § 58-1-2.1
What does New Mexico Statutes Annotated § 58-1-2.1 cover?
Section 58-1-2.1 ("Prohibition") 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 § 58-1-2.1?
A common citation format is "New Mexico Statutes Annotated § 58-1-2.1" (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 § 58-1-2.1 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.