{"data":{"id":"us-nm/58-1-78","jurisdiction":"us-nm","citation":"58-1-78","heading":"Unlawful service as officer or director.","body":"It is unlawful for any person to serve as an officer or director of a bank, who:\nA. is an officer, director or employee of a directly competitive bank in the same community;\nB. has been convicted of an offense constituting, in the jurisdiction in which the judgment was rendered, a violation of the banking laws or a felony, or who has been found liable, either in a civil or criminal action, for a breach of trust; or\nC. is indebted to the bank for more than thirty days upon a judgment that has become final.","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":"c710b78be1a25039e646c6e7dba11b024282e19444f33396ff27248ba6538870","source_id":"us-nm","stale":false,"prev":"us-nm/58-1-77","next":"us-nm/58-1-79"},"notice":"GroundRules: Original legal text. Not legal advice."}