The legislature reserves power to amend, repeal or modify all or any part of the Business Corporation Act at any time and such changes shall be binding upon all corporations subject to the provisions of the Business Corporation Act.
History: 1953 Comp., § 51-31-11, enacted by Laws 1967, ch. 81, § 132.
Severability. — Laws 1967, ch. 81, § 134, provided for the severability of the act if any part or application thereof is held invalid.
Compiler's notes. — This section is derived from Section 149 of the ABA Model Business Corporation Act.
Structure 2021 New Mexico Statutes
Article 18 - Business Corporations; Miscellaneous Provisions
Section 53-18-1 - Powers of commission [secretary of state].
Section 53-18-2 - Appeal from commission [secretary of state].
Section 53-18-3 - Issuance of certificate of good standing and compliance.
Section 53-18-4 - Certificates and certified copies to be received in evidence.
Section 53-18-5 - Forms to be furnished by commission [secretary of state].
Section 53-18-6 - Greater voting requirements.
Section 53-18-6.1 - Voting requirements; existing corporations.
Section 53-18-7 - Waiver of notice.
Section 53-18-8 - Action by shareholders without a meeting.
Section 53-18-9 - Unauthorized assumption of corporate powers.
Section 53-18-10 - Application to existing corporations.
Section 53-18-11 - Application to foreign and interstate commerce.