New Mexico § 58-1-30 - Pledge of assets
Full text of New Mexico New Mexico Statutes Annotated § 58-1-30 — Pledge of assets, with citation guidance and answers to common questions.
§ 58-1-30. Pledge of assets
A bank may pledge its assets to: A. enable it to act as agent for the sale of obligations of the United States; B. secure borrowed funds; or C. secure deposits when the depositor is required to obtain such security by the laws
of the United States, the terms of any interstate compact or by the laws of any state.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 58-1-30
What does New Mexico Statutes Annotated § 58-1-30 cover?
Section 58-1-30 ("Pledge of assets") 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 § 58-1-30?
A common citation format is "New Mexico Statutes Annotated § 58-1-30" (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 § 58-1-30 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.