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Section 58-1-47 - Commissioner's [Director's] annual report.

NM Stat § 58-1-47 (2019) (N/A)
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A. The commissioner [director of the financial institutions division of the regulation and licensing department] shall report to the governor annually. His report shall include:

(1) the text of all rules of general application the department has adopted or altered since his last annual report;

(2) a statement of the status and remaining assets and liabilities of any organization which the commissioner [director] is managing or is in the process of liquidating;

(3) a summary of all changes occurring since his last annual report by reason of opening new state banks, mergers and conversions, increases and decreases in capital and the like;

(4) a condensed statement of condition of each state bank; and

(5) such other information concerning the conduct and affairs of his office as he shall see fit to report.

B. The report shall be a public document and shall be printed.

History: 1953 Comp., § 48-22-36, enacted by Laws 1963, ch. 305, § 36.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Cross references. — For meaning of director, see 58-1-3 NMSA 1978.

For commerce and industry department, see 58-1-32 NMSA 1978.

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