The supervisor may examine any service corporation in which an association has invested its funds, and any corporation owning twenty-five percent or more of the outstanding capital stock of an association, the same as if the corporation were an association.
History: 1953 Comp., § 48-15-119.1, enacted by Laws 1976, ch. 57, § 3.
ANNOTATIONSCross references. — For definition of service corporation, see 58-10-2I NMSA 1978.
For meaning of "supervisor", see 58-10-2J NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks §§ 216, 266.
9 C.J.S. Banks and Banking § 15 et seq.