Section 58-1B-5 - Required application; forms.
58-1B-5. Required application; forms.
A. A company that proposes to make an acquisition pursuant to the Interstate Bank Acquisition Act [58-1B-1 NMSA 1978] shall:
(1) file with the director a copy of the application that the company has filed with the responsible federal bank supervisory agency and any additional information prescribed by the director; and
(2) pay to the director any application fee prescribed by the director.
B. As long as they are consistent with the effective discharge of the director's responsibilities, the application and reporting forms established pursuant to the Interstate Bank Acquisition Act shall conform to those established for the same purposes by the board of governors of the federal reserve system pursuant to the Bank Holding Company Act.