[Enforcement of individual liability of stockholders and directors of closed banks.]

1. Law
2. New Mexico Statutes
3. Financial Institutions and Regulations
4. Insurance of Bank Deposits
5. [Enforcement of individual liability of stockholders and directors of closed banks.]

Among its other powers, said corporation, in the performance of its powers and duties as such receiver or liquidator, shall have the right and power upon the order of a court of record of competent jurisdiction to enforce the individual liability of the stockholders, and directors of any such banking institution.

History: Laws 1935, ch. 16, § 8; 1941 Comp., § 50-1108; 1953 Comp., § 48-11-8.

ANNOTATIONS

Severability clauses. — Laws 1935, ch. 16, § 9, provides for the severability of the act if any part or application thereof is invalid.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 272.

9 C.J.S. Banks and Banking § 654.

Download our app to see the most-to-date content.