{"data":{"id":"us-nm/58-1-52","jurisdiction":"us-nm","citation":"58-1-52","heading":"Incorporators.","body":"A state bank may be organized by five or more individual incorporators or a bank holding company subject to the requirements of the Banking Act. A majority of the incorporators shall be residents of the state. Each incorporator shall subscribe and pay in full in cash for stock having a value of not less than one percent of the authorized capital structure.","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":"c5ae5f287893b24f0ac1b00820499b69c69d665fb7a1a02c2f97750804b083d7","source_id":"us-nm","stale":false,"prev":"us-nm/58-1-51","next":"us-nm/58-1-53"},"notice":"GroundRules: Original legal text. Not legal advice."}