N.M. Code R. § 12.20.41.8 - SIGNATURE GUARANTEEING
A. The
supervisor finds that associations licensed under the provisions of the state
statutes have the authority to guarantee customer signatures for documentary
transactions in which an association has an interest as part of its deposit
taking, lending or (in the case of an association which is also a trust
company) trust business, as well as guarantees executed as a separate customer
service with respect to stock transfers and similar transactions in which the
association has no direct interest.
B. Nothing in this sub-part [now part] is to
be construed as an intent to limit any powers possessed by an association under
other statutory or regulatory provisions.
Notes
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