Section 58-1-18 - Fiduciary bond or oath excused.

NM Stat § 58-1-18 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

No oath or bond shall be required of a bank to qualify upon appointment as a fiduciary, unless the instrument creating a fiduciary position expressly otherwise provides.

History: 1953 Comp., § 48-22-18, enacted by Laws 1963, ch. 305, § 18.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 304.

9 C.J.S. Banks and Banking §§ 8, 9.