summary
Introduced
01/21/2017
01/21/2017
In Committee
02/12/2017
02/12/2017
Crossed Over
01/26/2017
01/26/2017
Passed
02/14/2017
02/14/2017
Dead
Signed/Enacted/Adopted
02/14/2017
02/14/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO BANKING; REDUCING THE REQUIRED NUMBER OF NEW MEXICO RESIDENT DIRECTORS OF A STATE BANK.
AI Summary
This bill amends Section 58-1-65 of the New Mexico Statutes to reduce the required number of New Mexico resident directors on the board of a state bank from one director to at least one director. The bill maintains the existing requirement that at least three-fourths of the directors must be U.S. citizens. This change aims to provide more flexibility for state banks in the composition of their boards of directors.
Committee Categories
Business and Industry, Government Affairs, Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 29] Signed by the Governor - Chapter 111 (on 02/14/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=361&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/final/HB0361.pdf |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0361.pdf |
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