{"data":{"id":"us-nm/58-1-31","jurisdiction":"us-nm","citation":"58-1-31","heading":"Endorsement and signature guaranty and unauthorized assumption of liability.","body":"A. A state bank may assume secondary liability as an endorser of a negotiable or nonnegotiable instrument, which it owns or has received for collection. A state bank may assume the liability of the guarantor of the genuineness of a signature.\nB. Except as expressly permitted in the Banking Act, a state bank shall not assume liability as an insurer or as a guarantor or indorser [endorser] of any security instrument or obligation.","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":"b5c4527e54b6c7affe2a9d03334c5b55a5fcbf3eb3521246e756aaf55669327f","source_id":"us-nm","stale":false,"prev":"us-nm/58-1-30","next":"us-nm/58-1-32"},"notice":"GroundRules: Original legal text. Not legal advice."}