Whenever a violation of the Banking Act, by a bank or an officer, director or employee thereof, is threatened or impending and will cause substantial injury to the institution or to the depositors, creditors or stockholders thereof, the district court of Santa Fe county may, upon the suit of the commissioner [director of the financial institutions division of the regulation and licensing department], issue an injunction restraining such violation. History: 1953 Comp., § 48-22-73, enacted by Laws 1963, ch. 305, § 73. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Severability clauses. — Laws 1963, ch. 305, § 76, 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. — 9 C.J.S. Banks and Banking § 478.
New Mexico Legal Code