The supervisor may accept the report of examination of any association by the federal home loan bank board or the federal savings and loan insurance corporation in lieu of any examination required by the Savings and Loan Act. If the supervisor examines or causes to be examined any association in conjunction with an examination by any of these federal agencies, the examination shall be deemed equivalent to two separate examinations. History: 1953 Comp., § 48-15-120, enacted by Laws 1967, ch. 61, § 76. 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 §§ 231, 238. Right of federal deposit insurance corporation to injunctive relief in enforcement of its regulations, 22 A.L.R. Fed. 918. 9 C.J.S. Banks and Banking §§ 652, 665.
New Mexico Legal Code