N.M. Stat. § 58-1-27

Sale of assets in ordinary course.

Last amended: 1963Year: 2026Length: 61 wordsOfficial source
A bank may sell any asset in the ordinary course of business, or with the approval of the commissioner [director of the financial institutions division of the regulation and licensing department] in any other circumstance, but the sale of all or substantially all of the assets of a bank or of a department thereof is governed by Section 58-4-9 NMSA 1978.
N.M. Stat. § 58-1-27: Sale of assets in ordinary course. | Justis AI