Among its other powers, said corporation, in the performance of its powers and duties as such receiver or liquidator, shall have the right and power upon the order of a court of record of competent jurisdiction to enforce the individual liability of the stockholders, and directors of any such banking institution. History: Laws 1935, ch. 16, § 8; 1941 Comp., § 50-1108; 1953 Comp., § 48-11-8. ANNOTATIONSSeverability clauses. — Laws 1935, ch. 16, § 9, 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. — 10 Am. Jur. 2d Banks § 272. 9 C.J.S. Banks and Banking § 654.
New Mexico Legal Code