{"data":{"id":"us-nm/58-1b-3","jurisdiction":"us-nm","citation":"58-1B-3","heading":"Purpose and intent of act.","body":"The purpose of the Interstate Bank Acquisition Act is to establish the conditions under which a company may acquire a New Mexico bank or a New Mexico bank holding company. In enacting it the legislature intends to avoid discrimination against out-of-state bank holding companies or foreign bank holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 1B Interstate Bank Acquisitions"],"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":"7efe8f2429efb10cc4942d6db3d4631142247300f056c2b47cffc0038c60a1b4","source_id":"us-nm","stale":false,"prev":"us-nm/58-1b-2","next":"us-nm/58-1b-4"},"notice":"GroundRules: Original legal text. Not legal advice."}