Purpose and intent of act

The purpose of the Interstate Bank Acquisition Act is to establish the conditions under which a company may acquire a New Mexico bank or a New Mexico bank holding company. In enacting it the legislature intends to avoid discrimination against out-of- state bank holding companies or foreign bank holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act. History: Laws 1996, ch. 2, § 3.