{"data":{"id":"us-nm/58-1-28","jurisdiction":"us-nm","citation":"58-1-28","heading":"Borrowing.","body":"A state bank may borrow money and issue evidence of indebtedness for a loan for temporary purposes in an amount not exceeding its capital and surplus or in such larger amount or for such other purposes as the commissioner [director of the financial institutions division of the regulation and licensing department] approves.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 1 Banking Generally"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"a63a99df0f8bb017da4afd2eed52306581a814ccac481b42f8de95e3c9692b1f","source_id":"us-nm","stale":false,"prev":"us-nm/58-1-27","next":"us-nm/58-1-29"},"notice":"GroundRules: Original legal text. Not legal advice."}