A. Information from the records of the division, including division examination reports of which a credit union has possession, is not public records, shall be revealed only with the consent of the director and is not subject to subpoena.
B. Reports of examinations made by the division shall be retained for five years.
C. A copy of any document on file with the division which is certified by the director as being a true copy may be introduced in court as if it were the original.
History: Laws 1987, ch. 311, § 8.
ANNOTATIONSRepeals and reenactments. — Laws 1987, Chapter 311 repeals 58-11-8 NMSA 1978, as amended by Laws 1985, ch. 30, § 4, relating to reports, examinations and fees, effective June 19, 1987, and enacts the present section.
Laws 1997, ch. 195, § 42 repealed Laws 1987, ch. 311, § 68, which had provided for the repeal of this section on July 1, 1997.
Director has supervisory control over credit unions and may revoke or suspend charters after hearing for a violation of any of the provisions of Section 58-11-1 NMSA 1978 et seq. 1960 Op. Att'y Gen. No. 60-165.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 13 Am. Jur. 2d Building and Loan Associations § 106.
12 C.J.S. Building and Loan Associations § 4.