A. On the dissolution of a limited liability company, persons with authority pursuant to the provisions of Subsection A of Section 53-19-42 NMSA 1978 to wind up its business and affairs shall sign and deliver, to the office of the secretary of state for filing, articles of dissolution.
B. The articles of dissolution shall state:
(1) the name of the limited liability company;
(2) the dates of filing the articles of organization and all amendments and restatements to the articles of organization;
(3) the event causing the dissolution;
(4) the effective date, which shall be a date certain, of the articles of dissolution if the articles of dissolution are not to be effective on filing;
(5) the name and address of each person who has the authority to act for the limited liability company in connection with the winding up of its business and affairs;
(6) confirmation that the limited liability company has resigned as a registered agent or is not currently a registered agent for any entity registered in New Mexico;
(7) whether the winding up of the business and affairs of the limited liability company is being supervised by a court pursuant to the provisions of Paragraph (2) of Subsection A of Section 53-19-42 NMSA 1978; and
(8) any other information persons signing the articles of dissolution choose to include.
C. After the articles of dissolution have been filed, only a person named in the articles of dissolution as having authority to act for the limited liability company in connection with the winding up of its business and affairs shall have such authority, including the authority to bind the limited liability company, transact business on its behalf, act as its agent and execute any instrument for it and in its name.
D. Articles of dissolution that have been filed may be amended at any time and from time to time or revoked at any time and, unless an amendment or revocation states otherwise, it shall be effective upon delivery to the office of the secretary of state for filing.
History: Laws 1993, ch. 280, § 41; 2019, ch. 159, § 5.
The 2019 amendment, effective July 1, 2019, required articles of dissolution to include confirmation that the limited liability company has resigned as a registered agent or is not currently a registered agent for any entity registered in New Mexico; in Subsection A, after "Section", deleted "42 of the Limited Liability Company Act" and added "53-19-42 NMSA 1978", and after "to the office of", deleted "commission" and added "secretary of state"; in Subsection B, added a new Paragraph B(6) and redesignated former Paragraphs B(6) and B(7) as Paragraphs B(7) and B(8), respectively, and in Paragraph B(7), after "Section", deleted "42 of the Limited Liability Company Act" and added "53-19-42 NMSA 1978"; and in Subsection D, after "delivery to the office of the", deleted "commission" and added "secretary of state".
Structure 2021 New Mexico Statutes
Article 19 - Limited Liability Companies
Section 53-19-1 - Short title.
Section 53-19-2 - Definitions.
Section 53-19-4 - Reservation of name.
Section 53-19-5 - Registered office and registered agent; change of principal place of business.
Section 53-19-6 - Nature and duration of business.
Section 53-19-8 - Articles of organization.
Section 53-19-10 - Effect of filing of articles of organization.
Section 53-19-11 - Amendment and restatement of articles of organization.
Section 53-19-12 - Execution of documents.
Section 53-19-13 - Liability of members and managers to third parties.
Section 53-19-14 - Parties to actions.
Section 53-19-15 - Management by members or managers.
Section 53-19-16 - Liabilities and duties of managers and members.
Section 53-19-18 - Indemnification of members and managers.
Section 53-19-19 - Records and information.
Section 53-19-20 - Contributions to capital; certificates of membership interest.
Section 53-19-21 - Liability for contribution.
Section 53-19-22 - Sharing of profits and losses.
Section 53-19-23 - Sharing of interim distributions.
Section 53-19-24 - Distribution on event of dissociation.
Section 53-19-25 - Withdrawals of capital and distributions in kind.
Section 53-19-26 - Wrongful distributions.
Section 53-19-27 - Liability upon wrongful distribution.
Section 53-19-28 - Right to distribution.
Section 53-19-29 - Ownership of property by the limited liability company.
Section 53-19-30 - Transfer of property of limited liability company.
Section 53-19-31 - Nature of membership interest.
Section 53-19-32 - Assignment of interests.
Section 53-19-33 - Right of assignee to become a member.
Section 53-19-34 - Interest of a deceased, incompetent or terminated member.
Section 53-19-35 - Rights of judgment creditor of member.
Section 53-19-36 - Admission of members.
Section 53-19-37 - Voluntary withdrawal of members.
Section 53-19-38 - Events of dissociation.
Section 53-19-39 - Dissolution.
Section 53-19-40 - Judicial dissolution.
Section 53-19-41 - Articles of dissolution.
Section 53-19-42 - Winding up.
Section 53-19-43 - Power of managers or members after dissolution.
Section 53-19-44 - Distribution of assets.
Section 53-19-45 - Known claims against dissolved limited liability company.
Section 53-19-46 - Unknown claims against dissolved limited liability company.
Section 53-19-47 - Laws governing foreign limited liability company.
Section 53-19-48 - Registration.
Section 53-19-49 - Issuance of registration.
Section 53-19-51 - Amended certificate of registration.
Section 53-19-52 - Cancellation of registration.
Section 53-19-53 - Transaction of business without registration.
Section 53-19-54 - Transactions not constituting transacting business.
Section 53-19-55 - Service of process.
Section 53-19-56 - Action by attorney general.
Section 53-19-57 - Suits by and against the limited liability company.
Section 53-19-58 - Authority to sue on behalf of limited liability company.
Section 53-19-59 - Conversions and mergers; definitions.
Section 53-19-61 - Conversions and mergers; effect of conversion.
Section 53-19-62 - Conversions and merger of entities.
Section 53-19-62.1 - Conversion and mergers; articles of merger.
Section 53-19-62.2 - Conversions and mergers; effect of merger.
Section 53-19-62.3 - Conversion and mergers; non-exclusivity.
Section 53-19-63 - Filing, service and copying fees.
Section 53-19-64 - Execution by judicial act.
Section 53-19-65 - Rules of construction.
Section 53-19-66 - Powers of commission [secretary of state].
Section 53-19-66.1 - Administrative revocation.
Section 53-19-66.2 - Reinstatement following administrative revocation.
Section 53-19-67 - Appeal from commission [secretary of state].
Section 53-19-68 - Issuance of certificate of good standing and compliance.
Section 53-19-69 - Certificates and certified copies to be received in evidence.
Section 53-19-70 - Forms furnished by the commission [secretary of state].
Section 53-19-71 - Application to existing limited liability companies.
Section 53-19-72 - Application to foreign and interstate commerce.
Section 53-19-73 - Reservation of power.
Section 53-19-74 - Commission's [secretary of state's] retention of records.