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.
History: Laws 1996, ch. 2, § 3.
ANNOTATIONSCross references. — For Section 3(d) of the Bank Holding Company Act, see 12 U.S.C. § 1842(d).