In the exercise of his power to promulgate regulations under the Savings and Loan Act, the supervisor shall act in the interest of promoting and maintaining a sound savings and loan association system, the security of the savings account holders and other customers, the preservation of the liquid position of associations and in the interest of preventing injurious credit expansions and contractions. History: 1953 Comp., § 48-15-116, enacted by Laws 1967, ch. 61, § 72. ANNOTATIONSCross references. — For meaning of 'supervisor', see 58-10-2J NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks §§ 10 to 19. 9 C.J.S. Banks and Banking §§ 131, 139.
New Mexico Legal Code