Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 10 - Savings and Loan Associations, 58-10-1 through 58-10-111. > Section 58-10-51 - Limitation on savings accounts.

Section 58-10-51 - Limitation on savings accounts.

58-10-51. Limitation on savings accounts.

There is no limit on the number and value of savings accounts an association may accept unless limits are fixed by its board of directors or by Section 67 [58-10-68 NMSA 1978] of the Savings and Loan Act. Any association may refuse to accept deposits as it deems advisable.