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Article 1 - State Corporation Commission (Repealed.)
Section 53-1-1 to 53-1-6 - Repealed. - Repeals. — Laws 1978, ch. 132, § 6, repealed 51-1-1,...
Article 2 - Fees and Miscellaneous Corporation Law
Section 53-2-1 - Fees of secretary of state. - A. For filing documents and issuing certificates, the secretary of...
Section 53-2-2 - Authority to make refunds. - In response to a written claim for a refund for...
Section 53-2-3 - Disposition of fees. - Except as otherwise provided by law, the secretary of state...
Section 53-2-3.1 - Fees of secretary of state; dishonored check; civil penalty; suspension of future filings. - A. In addition to any penalties, fees or costs incurred...
Section 53-2-4 - Corporations; compilation. - The public regulation commission [secretary of state] shall compile annually...
Section 53-2-5 - [Mutual associations; creation of capital stock.] - The members of any mutual association, heretofore or hereafter incorporated,...
Section 53-2-6 - [Life insurance on directors, officers, agents and employees; evidence of authority for corporate action.] - Whenever a corporation, organized under the laws of this state,...
Section 53-2-7 - Amendments by corporations formed under other acts. - Any corporation organized under any general or special act of...
Section 53-2-8 - No stockholder's liability; separate class of corporation. - No stockholder's liability for unpaid stock shall attach to stock...
Section 53-2-9 - Validation of unsealed instruments. - All instruments executed prior to the effective date of this...
Section 53-2-10 - Private remedy. - A. Any person who suffers any loss of money or...
Section 53-2-11 - Electronic filing and certification of documents; use of electronic payment of fees. - A. The secretary of state may permit the electronic filing...
Article 3 - Franchise Tax (Repealed, Recompiled.)
Section 53-3-1 to 53-3-6 - Recompiled. - Recompilations. — Laws 1978, ch. 139, § 23, recompiled 51-13-1,...
Section 53-3-7 - Repealed. - Repeals. — Laws 1978, ch. 139, § 24, repealed 51-13-8,...
Section 53-3-8 - Recompiled. - Recompilations. — Laws 1978, ch. 139, § 23, recompiled 51-13-10,...
Section 53-3-10 - Repealed. - Repeals. — Laws 1978, ch. 139, § 24, repealed 51-13-12,...
Section 53-3-11 to 53-3-17 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136D repealed former...
Section 53-3-18 - Repealed. - Repeals. — Laws 1979, ch. 390, § 12, repealed 53-3-18...
Section 53-3-19 to 53-3-31 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136D repealed former...
Section 53-3-32 - Repealed. - Repeals. — Laws 1979, ch. 390, § 12, repealed 53-3-32...
Section 53-3-33 - Repealed. - Repeals. — Laws 1986, ch. 20, § 136D repealed former...
Section 53-3-34 - Repealed. - Repeals. — Laws 1998, ch. 108, § 81 repealed 53-3-34...
Article 4 - Cooperative Associations
Section 53-4-1 - Definitions. - Unless the subject matter or context requires otherwise, wherever used...
Section 53-4-1.1 - Short title. - Chapter 53, Article 4 NMSA 1978 may be cited as...
Section 53-4-2 - Who may incorporate. - Any five or more natural persons or two or more...
Section 53-4-3 - Purposes. - An association may be incorporated hereunder to engage in any...
Section 53-4-4 - Powers. - An association shall have the capacity to act possessed by...
Section 53-4-5 - Articles of incorporation; contents. - Articles of incorporation shall be signed by each of the...
Section 53-4-6 - Articles of incorporation; filing; recordation; fees. - The articles of incorporation of the association shall be filed...
Section 53-4-6.1 - Registered office and registered agent. - An association shall have and continuously maintain in New Mexico:...
Section 53-4-6.2 - Change of registered office or registered agent. - A. An association may change its registered office or its...
Section 53-4-6.3 - Service of process on association. - The registered agent appointed by an association shall be an...
Section 53-4-6.4 - Recompiled. - Recompilations. — Laws 2001, ch. 200, § 26, relating to...
Section 53-4-7 - Articles of incorporation; amendments; fee. - A. Amendments to the articles of incorporation may be proposed...
Section 53-4-8 - Adoption, amendment, or repeal of by-laws [bylaws]. - By-laws [Bylaws] shall be adopted, amended, or repealed by a...
Section 53-4-9 - Contents of by-laws [bylaws]. - The by-laws [bylaws] may, within the limitations set forth herein...
Section 53-4-9.1 - Indemnification of officers and directors. - Each association shall have the power to indemnify any director...
Section 53-4-10 - Regular and special meetings. - Regular meetings of members shall be held as prescribed in...
Section 53-4-11 - Notice of meeting. - The secretary shall give notice of the time and place...
Section 53-4-12 - Meetings by units of the membership. - The articles or by-laws [bylaws] may provide for the holding...
Section 53-4-13 - One member - one vote. - Each member of an association shall have one and only...
Section 53-4-14 - No proxy. - No member shall be permitted to vote by proxy. History:...
Section 53-4-15 - Voting by mail. - The articles or by-laws [bylaws] may provide for either or...
Section 53-4-16 - Application of voting provisions herein to voting by mail. - If an association has provided for voting by mail, any...
Section 53-4-17 - Application of voting provisions herein to voting by delegates. - If an association has provided for voting by delegates, any...
Section 53-4-18 - Directors. - An association shall be managed by a board of not...
Section 53-4-18.1 - Duties of directors. - A director shall perform his duties as a director, including...
Section 53-4-18.2 - Liability of directors. - No director of the association shall be personally liable to...
Section 53-4-18.3 - Repealed. - Repeals. — Laws 1993, ch. 318, § 6 repealed 53-4-18.3...
Section 53-4-19 - Officers. - The officers of an association shall include a president, one...
Section 53-4-20 - Removal of directors and officers. - A director or officer may be removed with or without...
Section 53-4-21 - Referendum. - The articles or by-laws [bylaws] may provide that within a...
Section 53-4-21.1 - Disposition of property. - An association may not sell, convey, lease, exchange, transfer or...
Section 53-4-22 - Limitations on interest-dividends. - Interest-dividends shall not exceed fifteen percent per year and shall...
Section 53-4-23 - Eligibility and admission to membership. - Any natural person, association, incorporated or unincorporated group organized on...
Section 53-4-24 - Subscribers. - Any natural person or group eligible for membership and legally...
Section 53-4-25 - Share and membership certificates; issuance and contents. - No certificate for shares or for membership shall be issued...
Section 53-4-26 - Transfer of shares and membership; withdrawal. - If a member desires to withdraw from the association or...
Section 53-4-27 - Share and membership certificates; recall. - The by-laws [bylaws] may give the directors the power to...
Section 53-4-28 - Share and membership certificates; attachment. - The holdings of any member of an association, to the...
Section 53-4-29 - Liability of members. - Members shall not be jointly or severally liable for any...
Section 53-4-30 - Expulsion. - A member may be expelled by the vote of a...
Section 53-4-31 - Allocation and distribution of net savings. - At least once a year the members and/or the directors,...
Section 53-4-32 - Bonding. - Every individual acting as officer or employee of an association...
Section 53-4-33 - Books; auditing. - To record its business operation, every association shall keep a...
Section 53-4-34 - Annual report. - A. An association shall, annually within sixty days of the...
Section 53-4-35 - Notice of delinquent reports; forfeitures; reinstatement. - If an association fails to make a report within the...
Section 53-4-36 - Voluntary dissolution. - An association may, at any regular or special meeting legally...
Section 53-4-37 - Use of name "cooperative"; penalty. - A. Only the following entities are entitled to use the...
Section 53-4-38 - Promotion expenses; limitations; penalty. - An association shall not, directly or indirectly, use any of...
Section 53-4-39 - Spreading false reports; penalty. - Any person, firm, corporation or association which maliciously and knowingly...
Section 53-4-40 - Existing cooperative corporations. - A group incorporated under another law of this state and...
Section 53-4-41 - Foreign corporations. - A foreign corporation operating on a cooperative basis and complying...
Section 53-4-42 - Legality declared; not in restraint of trade. - No association, or method or act thereof which complies with...
Section 53-4-43 - Laws not applicable. - No law of this state conflicting or inconsistent herewith shall,...
Section 53-4-44 - Subsequent laws. - No law of this state subsequent to these provisions shall...
Section 53-4-45 - Taxation. - Associations formed under Chapter 53, Article 4 NMSA 1978 and...
Article 5 - Corporate Reports
Section 53-5-1 - Short title. - Chapter 53, Article 5 NMSA 1978 may be cited as...
Section 53-5-2 - Corporate and supplemental reports. - A. Pursuant to rules that the secretary of state adopts...
Section 53-5-3 - Public regulation commission [secretary of state] to supply definitions. - The public regulation commission [secretary of state] shall prepare and...
Section 53-5-4 - Exempt corporations. - The following corporations shall be exempt from filing a report...
Section 53-5-5 - Corporate reports; affirmation; penalty. - A. All reports required to be filed with the commission...
Section 53-5-6 - Application for period of extension. - A. A corporation may, upon application to the public regulation...
Section 53-5-7 - Failure to file corporate reports; penalty. - A. A domestic corporation required to file an annual corporate...
Section 53-5-7.1 - Canceled corporations stricken from public regulation commission [secretary of state] files. - A domestic corporation whose certificate of incorporation has been canceled...
Section 53-5-8 - Public regulation commission [secretary of state] may furnish forms; release of information; penalty. - A. The public regulation commission [secretary of state] may, upon...
Section 53-5-9 - Dormant corporations; statement in lieu of corporate report. - A. Whenever a corporation is no longer engaged in active...
Section 53-5-10 - Repealed. - Repeals. — Laws 1993, ch. 318, § 6 repealed former...
Article 6 - Professional Corporations
Section 53-6-1 - Purpose of act. - The purpose of this act [53-6-1 to 53-6-13 NMSA 1978]...
Section 53-6-2 - Short title. - This act [53-6-1 to 53-6-13 NMSA 1978] may be cited...
Section 53-6-3 - Definitions. - As used in this act [53-6-1 to 53-6-13 NMSA 1978]:...
Section 53-6-4 - Incorporation. - One or more individuals, each of whom is licensed to...
Section 53-6-5 - Purposes for which incorporated. - A professional corporation may be organized only for the purpose...
Section 53-6-6 - Corporate name. - The corporate name of a professional corporation shall contain the...
Section 53-6-7 - Professional services through officers, employees, and agents. - A professional corporation shall render professional services only through its...
Section 53-6-9 - Issuance and transfer of shares. - Shares of stock of a professional corporation shall be issued...
Section 53-6-10 - Sale and transfer of shares. - A. The articles of incorporation of any professional corporation shall...
Section 53-6-11 - Contingent purchase or redemption price. - If the articles of incorporation or the bylaws of a...
Section 53-6-12 - Disqualification; dissolution. - If any officer, shareholder, agent or employee of a professional...
Section 53-6-13 - Mergers or consolidations. - A professional corporation shall consolidate or merge only with another...
Section 53-6-14 - Application to professional corporations. - The provisions of the Professional Corporation Act shall apply to...
Article 7 - Business Development Corporation (Repealed.)
Section 53-7-1 to 53-7-17 - Repealed. - Repeals. — Laws 1983, ch. 312, § 30, repealed 53-7-1...
Section 53-7-18 - Repealed. - History: Laws 1983, ch. 312, § 1; 1998, ch. 108,...
Section 53-7-19 - Repealed. - History: Laws 1983, ch. 312, § 2; repealed Laws 2005,...
Section 53-7-20 - Repealed. - History: Laws 1983, ch. 312, § 3; repealed Laws 2005,...
Section 53-7-21 - Repealed. - History: Laws 1983, ch. 312, § 4; repealed Laws 2005,...
Section 53-7-22 - Repealed. - History: Laws 1983, ch. 312, § 5; 1991, ch. 21,...
Section 53-7-23 - Repealed. - History: Laws 1983, ch. 312, § 6; repealed Laws 2005,...
Section 53-7-24 - Repealed. - History: Laws 1983, ch. 312, § 7; repealed Laws 2005,...
Section 53-7-25 - Repealed. - History: Laws 1983, ch. 312, § 8; repealed Laws 2005,...
Section 53-7-26 - Repealed. - History: Laws 1983, ch. 312, § 9; repealed Laws 2005,...
Section 53-7-27 - Repealed. - History: Laws 1983, ch. 312, § 10; repealed Laws 2005,...
Section 53-7-28 - Repealed. - History: Laws 1988, ch. 30, § 1; repealed Laws 2005,...
Section 53-7-29 - Repealed. - History: Laws 1983, ch. 312, § 12; repealed Laws 2005,...
Section 53-7-30 - Repealed. - History: Laws 1983, ch. 312, § 13; repealed Laws 2005,...
Section 53-7-31 - Repealed. - History: Laws 1983, ch. 312, § 14; repealed Laws 2005,...
Section 53-7-32 - Repealed. - History: Laws 1983, ch. 312, § 15; repealed Laws 2005,...
Section 53-7-33 - Repealed. - History: Laws 1983, ch. 312, § 16; repealed Laws 2005,...
Section 53-7-34 - Repealed. - History: Laws 1983, ch. 312, § 17; repealed Laws 2005,...
Section 53-7-35 - Repealed. - History: Laws 1983, ch. 312, § 18; 2001, ch. 200,...
Section 53-7-36 - Repealed. - History: Laws 1983, ch. 312, § 19; 2001, ch. 200,...
Section 53-7-37 - Repealed. - History: Laws 1983, ch. 312, § 20; repealed Laws 2005,...
Section 53-7-38 - Repealed. - History: Laws 1983, ch. 312, § 21; repealed Laws 2005,...
Section 53-7-39 - Repealed. - History: Laws 1983, ch. 312, § 22; 2001, ch. 200,...
Section 53-7-40 - Repealed. - History: Laws 1983, ch. 312, § 23; 1988, ch. 30,...
Section 53-7-41 - Repealed. - History: Laws 1983, ch. 312, § 24; repealed Laws 2005,...
Section 53-7-42 - Repealed. - History: Laws 1983, ch. 312, § 25; repealed Laws 2005,...
Section 53-7-43 - Repealed. - History: Laws 1983, ch. 312, § 26; repealed Laws 2005,...
Section 53-7-44 - Repealed. - History: Laws 1983, ch. 312, § 27; repealed Laws 2005,...
Section 53-7-45 - Repealed. - History: Laws 1983, ch. 312, § 28; 1988, ch. 9,...
Section 53-7-46 - Repealed. - History: Laws 1983, ch. 312, § 29; 1989, ch. 324,...
Article 7A - Economic Development Corporation
Section 53-7A-1 - Short title. - This act [53-7A-1 through 53-7A-6] may be cited as the...
Section 53-7A-2 - Purposes. - The purposes of the Economic Development Corporation Act are to:...
Section 53-7A-3 - Corporation authorized; board of directors; organization; limitation of liability. - A. A nonprofit organization to provide economic development services to...
Section 53-7A-4 - Corporation; powers. - The corporation shall have the powers conferred upon domestic nonprofit...
Section 53-7A-5 - Corporation; duties. - Pursuant to policies established by its board of directors and...
Section 53-7A-6 - Application of other laws. - A. The corporation formed pursuant to the Economic Development Corporation...
Article 7B - New Mexico Research Applications
Section 53-7B-1 - Short title. - Sections 1 through 10 [53-7B-1 to 53-7B-10 NMSA 1978] of...
Section 53-7B-2 - Purposes. - The purposes of the New Mexico Research Applications Act are...
Section 53-7B-3 - Definitions. - As used in the New Mexico Research Applications Act: A....
Section 53-7B-4 - Research applications center; formation; board of directors; public access to meetings and minutes. - A. The department shall, pursuant to the Nonprofit Corporation Act...
Section 53-7B-5 - Research applications center; powers. - As directed by the board, the research applications center may:...
Section 53-7B-6 - Applicability of other laws. - A. Except as otherwise provided in the New Mexico Research...
Section 53-7B-7 - Annual audit and report. - A. The board shall contract annually with an independent certified...
Section 53-7B-8 - Conflicts of interest. - A. If any director, officer or employee of the research...
Section 53-7B-9 - Contracts involving public employees. - Except as provided in Section 10 of the New Mexico...
Section 53-7B-10 - Transfer of technology; ownership of intellectual property. - A. Notwithstanding the provisions of Section 9 [53-7B-9 NMSA 1978]...
Article 8 - Nonprofit Corporations
Section 53-8-1 - Short title. - Chapter 53, Article 8 NMSA 1978 may be cited as...
Section 53-8-2 - Definitions. - As used in the Nonprofit Corporation Act, unless the context...
Section 53-8-3 - Applicability. - A. The provisions of the Nonprofit Corporation Act relating to...
Section 53-8-4 - Purposes. - Corporations may be organized under the Nonprofit Corporation Act for...
Section 53-8-5 - General powers. - Each corporation shall have power to: A. have perpetual succession...
Section 53-8-6 - Defense of ultra vires. - No act of a corporation and no conveyance or transfer...
Section 53-8-7 - Corporate name. - The corporate name and, if different, the name under which...
Section 53-8-8 - Registered office and registered agent. - Each corporation shall have and continuously maintain in New Mexico:...
Section 53-8-9 - Change of registered office or registered agent. - A. A corporation may change its registered office or change...
Section 53-8-10 - Service of process on corporation. - The registered agent appointed by a corporation shall be an...
Section 53-8-11 - Members. - A corporation may have one or more classes of members...
Section 53-8-12 - Bylaws. - A. The initial bylaws of a corporation shall be adopted...
Section 53-8-13 - Meetings of members. - A. Meetings of members shall be held at such place,...
Section 53-8-14 - Notice of members' meetings; waiver. - A. Unless otherwise provided in the articles of incorporation or...
Section 53-8-15 - Voting. - A. The right of the members, or any class or...
Section 53-8-16 - Quorum. - The bylaws may provide the number or percentage of members...
Section 53-8-17 - Board of directors. - The affairs of a corporation shall be managed by a...
Section 53-8-18 - Number and election of directors. - A. The number of directors of a corporation shall be...
Section 53-8-18.1 - Repealed. - Repeals. — Laws 1993, ch. 318, § 6 repealed former...
Section 53-8-19 - Vacancy. - A. Any vacancy occurring in the board of directors and...
Section 53-8-20 - Quorum of directors. - A. A majority of the number of directors fixed by...
Section 53-8-21 - Committees. - If the articles of incorporation or the bylaws so provide,...
Section 53-8-22 - Directors' meetings. - Meetings of the board of directors, regular or special, may...
Section 53-8-23 - Officers. - A. Every corporation organized under the Nonprofit Corporation Act shall...
Section 53-8-24 - Removal of officers. - Any officer elected or appointed may be removed by the...
Section 53-8-25 - Liability. - The directors, officers, employees and members of the corporation shall...
Section 53-8-25.1 - Duties of directors. - A director shall perform his duties as a director including...
Section 53-8-25.2 - Liability of directors. - No director of the corporation shall be personally liable to...
Section 53-8-25.3 - Nonprofit corporations; boards of directors; liability; immunity. - A. Except as otherwise provided in this section, no member...
Section 53-8-26 - Indemnification of officers and directors. - Each corporation shall have the power to indemnify any director...
Section 53-8-27 - Books and records. - Each corporation shall keep correct and complete books and records...
Section 53-8-28 - Shares of stock and dividends prohibited; exemption from franchise tax. - A. A corporation shall not have or issue shares of...
Section 53-8-29 - Loans to directors and officers. - Any director or officer who assents to or participates in...
Section 53-8-30 - Incorporators. - One or more persons, including profit and nonprofit corporations, may...
Section 53-8-31 - Articles of incorporation. - A. The articles of incorporation shall set forth: (1) the...
Section 53-8-32 - Filing of articles of incorporation. - A. An original and a copy, which may be a...
Section 53-8-33 - Effect of incorporation. - Unless the corporation commission [secretary of state] disapproves pursuant to...
Section 53-8-34 - Organization meetings. - A. An organization meeting of the board of directors named...
Section 53-8-35 - Right to amend articles of incorporation. - A corporation may amend its articles of incorporation, from time...
Section 53-8-36 - Procedure to amend articles of incorporation. - A. Amendments to the articles of incorporation shall be made...
Section 53-8-37 - Articles of amendment. - The articles of amendment shall be executed by the corporation...
Section 53-8-38 - Effectiveness of amendment. - A. An original and a copy, which may be a...
Section 53-8-39 - Restated articles of incorporation. - A. A domestic corporation may at any time restate its...
Section 53-8-40 - Procedure for merger. - A. Any two or more domestic corporations may merge into...
Section 53-8-41 - Procedure for consolidation. - A. Any two or more domestic corporations may consolidate into...
Section 53-8-42 - Adoption of merger or consolidation. - A. A plan of merger or consolidation shall be adopted...
Section 53-8-43 - Articles of merger or consolidation. - A. Upon approval, articles of merger or articles of consolidation...
Section 53-8-44 - Effect of merger or consolidation. - A. Unless the corporation commission [secretary of state] disapproves pursuant...
Section 53-8-45 - Merger or consolidation of domestic and foreign corporations. - A. One or more foreign corporations and one or more...
Section 53-8-46 - Sale, lease, exchange or mortgage of assets. - A sale, lease, exchange, mortgage, pledge or other disposition of...
Section 53-8-47 - Voluntary dissolution. - A. A corporation may dissolve and wind up its affairs...
Section 53-8-48 - Distribution of assets. - The assets of a corporation in the process of dissolution...
Section 53-8-49 - Plan of distribution. - A plan providing for the distribution of assets, not inconsistent...
Section 53-8-50 - Revocation of voluntary dissolution proceedings. - A. A corporation may, at any time prior to the...
Section 53-8-51 - Articles of dissolution. - If voluntary dissolution proceedings have not been revoked, then when...
Section 53-8-52 - Filing of articles of dissolution. - A. An original and a copy, which may be a...
Section 53-8-53 - Revocation of certificate of incorporation. - A. The certificate of incorporation of a corporation to conduct...
Section 53-8-54 - Issuance of certificate of revocation. - A. Upon revoking a certificate of incorporation, the commission [secretary...
Section 53-8-55 - Jurisdiction of court to liquidate assets and affairs of corporation. - A. District courts shall have full power to liquidate the...
Section 53-8-56 - Procedure in liquidation of corporation by court. - A. In proceedings to liquidate the assets and affairs of...
Section 53-8-57 - Qualification of receivers. - A receiver shall in all cases be a citizen of...
Section 53-8-58 - Filing of claims in liquidation proceedings. - In proceedings to liquidate the assets and affairs of a...
Section 53-8-59 - Discontinuance of liquidation proceedings. - The liquidation of the assets and affairs of a corporation...
Section 53-8-60 - Decree of involuntary dissolution. - In proceedings to liquidate the assets and affairs of a...
Section 53-8-61 - Filing of decree of dissolution. - In case the district court enters a decree dissolving a...
Section 53-8-62 - Deposits with state treasurer. - Upon the voluntary or involuntary dissolution of a corporation, the...
Section 53-8-63 - Survival of remedy after dissolution. - The dissolution of a corporation either by the issuance of...
Section 53-8-64 - Admission of foreign corporation. - A. No foreign corporation has the right to conduct affairs...
Section 53-8-65 - Powers of foreign corporation. - A foreign corporation which has received a certificate of authority...
Section 53-8-66 - Corporate name of foreign corporation. - No certificate of authority shall be issued to a foreign...
Section 53-8-67 - Change of name by foreign corporation. - Whenever a foreign corporation which is authorized to conduct affairs...
Section 53-8-68 - Application for certificate of authority. - A. A foreign corporation, in order to procure a certificate...
Section 53-8-69 - Filing of application for certificate of authority. - A. The following documents shall be delivered to the secretary...
Section 53-8-70 - Effect of [certificate of] authority. - Unless the corporation commission [secretary of state] disapproves pursuant to...
Section 53-8-71 - Registered office and registered agent of foreign corporation. - Each foreign corporation authorized to conduct affairs in New Mexico...
Section 53-8-72 - Change of registered office or registered agent of foreign corporation. - A. A foreign corporation authorized to conduct affairs in New...
Section 53-8-73 - Service of process on foreign corporation. - The registered agent appointed by a foreign corporation authorized to...
Section 53-8-74 - Repealed. - Repeals. — Laws 1983, ch. 304, § 73, repealed 53-8-74...
Section 53-8-75 - Merger of foreign corporation authorized to conduct affairs in this state. - Whenever a foreign corporation authorized to conduct affairs in New...
Section 53-8-76 - Amended certificate of authority. - A. A foreign corporation authorized to conduct affairs in New...
Section 53-8-77 - Withdrawal of foreign corporation. - A. A foreign corporation authorized to conduct affairs in New...
Section 53-8-78 - Filing of application for withdrawal. - A. An original and a copy, which may be a...
Section 53-8-79 - Revocation of certificate of authority. - A. The certificate of authority of a foreign corporation to...
Section 53-8-80 - Issuance of certificate of revocation. - A. Upon revoking a certificate of authority, the commission [secretary...
Section 53-8-81 - Conducting affairs without certificate of authority. - A. No foreign corporation which is conducting affairs in New...
Section 53-8-82 - Annual report. - A. Each domestic corporation and each foreign corporation authorized to...
Section 53-8-83 - Filing of annual report; initial report; supplemental report; extension of time. - A. The annual report of a domestic or foreign corporation...
Section 53-8-84 - Repealed. - Repeals. — Laws 1989, ch. 294, § 5 repealed 53-8-84...
Section 53-8-85 - Fees for filing documents and issuing certificates. - The secretary of state shall charge and collect for: A....
Section 53-8-86 - Recordkeeping. - The commission [secretary of state] shall provide, pursuant to the...
Section 53-8-86.1 - Fees of secretary of state; dishonored check; civil penalty; suspension of filing. - A. Any person or corporation that pays a fee by...
Section 53-8-87 - Miscellaneous charges. - The secretary of state shall charge and collect for furnishing...
Section 53-8-88 - Penalty imposed upon corporation. - Each corporation, domestic or foreign, that fails or refuses to...
Section 53-8-88.1 - Dormant corporations; statement in lieu of annual report. - A. Whenever any corporation is no longer actively conducting affairs...
Section 53-8-89 - Reports; affirmation; penalty. - A. All reports required to be filed with the commission...
Section 53-8-90 - Authority to make refunds. - In response to a written claim for a refund for...
Section 53-8-91 - Appeal from commission [secretary of state]. - A. If the commission [secretary of state] fails to approve...
Section 53-8-92 - Issuance of certificate of good standing and compliance. - The commission [secretary of state] may issue a certificate of...
Section 53-8-93 - Certificates and certified copies to be received in evidence. - All certificates issued by the corporation commission [secretary of state]...
Section 53-8-94 - Forms to be furnished by corporation commission [secretary of state]. - Forms for all documents to be filed in the office...
Section 53-8-95 - Greater voting requirements. - Whenever, with respect to any action to be taken by...
Section 53-8-96 - Waiver of notice. - Whenever any notice is required to be given to any...
Section 53-8-97 - Action by members or directors without a meeting. - A. Any action required by the Nonprofit Corporation Act to...
Section 53-8-98 - Unauthorized assumption of corporate powers. - All persons who assume to act as a corporation without...
Section 53-8-99 - Effect of repeal of prior acts. - The repeal of a prior act by the Nonprofit Corporation...
Article 9 - Indian Pueblos
Section 53-9-1 - [Pueblo Indian communities; bodies corporate; powers.] - The inhabitants within the state of New Mexico, known by...
Article 10 - Unincorporated Associations
Section 53-10-1 - [Purpose of organization; filing statement, articles of association and rules and regulations with county clerk.] - Whenever two or more persons shall desire to form an...
Section 53-10-2 - [Property holdings; effect of member's death on termination of membership; member's interest not subject to execution.] - Any such club or association may hold and acquire real...
Section 53-10-3 - [Mortgage or sale of property; method of conveyance.] - The property, real, personal or leasehold interest therein of any...
Section 53-10-4 - [Rules and regulations; subjects; effect.] - The members of any such association or club formed under...
Section 53-10-5 - [Right to sue and be sued; actions against members.] - Such club or association may sue or be sued in...
Section 53-10-6 - Suits against or by unincorporated associations; recovery of judgments. - A. An unincorporated association may sue or be sued in...
Section 53-10-7 - [Maximum term of existence; dissolution; distribution of proceeds of property.] - Any association or club formed under the provisions of this...
Section 53-10-8 - [Construction of act.] - This act [53-10-1 to 53-10-8 NMSA 1978] shall not be...
Article 11 - Business Corporations; Substantive Provisions
Section 53-11-1 - Short title. - Chapter 53, Articles 11 through 18 NMSA 1978 may be...
Section 53-11-2 - Definitions. - As used in the Business Corporation Act [Chapter 53, Articles...
Section 53-11-3 - Purposes. - Corporations may be organized under the Business Corporation Act for...
Section 53-11-4 - General powers. - Each corporation has power to: A. have perpetual succession by...
Section 53-11-4.1 - Indemnification of directors and officers. - A. As used in this section: (1) "director" means any...
Section 53-11-5 - Power of corporation to acquire its own shares. - A. As used in this section, "treasury shares" means shares...
Section 53-11-6 - Defense of ultra vires. - No act of a corporation and no conveyance or transfer...
Section 53-11-7 - Corporate name. - A. The corporate name shall: (1) contain the separate word...
Section 53-11-9 - Registered name. - A. Any foreign corporation not authorized to transact business in...
Section 53-11-10 - Renewal of registered name. - A corporation which has in effect a registration of its...
Section 53-11-11 - Registered office and registered agent. - Each corporation shall have and continuously maintain in this state:...
Section 53-11-12 - Failure to appoint and maintain registered agent; penalty; reinstatement. - A. If a corporation fails for a period of thirty...
Section 53-11-13 - Change of registered office or registered agent. - A. A corporation may change its registered office or change...
Section 53-11-14 - Service of process on corporation. - The registered agent appointed by a corporation shall be an...
Section 53-11-15 - Authorized shares. - A. Each corporation has power to create and issue the...
Section 53-11-15.1 - Shares held for account. - If the articles of incorporation or the bylaws so provide,...
Section 53-11-16 - Issuance of shares of preferred or special classes in series. - A. If the articles of incorporation so provide, the shares...
Section 53-11-17 - Subscriptions for shares. - A subscription for shares of a corporation to be organized...
Section 53-11-18 - Issuance of shares. - A. Subject to any restrictions in the articles of incorporation,...
Section 53-11-19 - Payment for shares. - A. The board of directors may authorize shares to be...
Section 53-11-20 - Stock rights and options. - Subject to any provisions in respect thereof set forth in...
Section 53-11-21 - Repealed. - Repeals. — Laws 1983, ch. 304, § 73, repealed 53-11-21...
Section 53-11-22 - Expenses of organization, reorganization and financing. - The reasonable charges and expenses of organization or reorganization of...
Section 53-11-23 - Shares represented by certificates and uncertificated shares. - A. The shares of a corporation shall be represented by...
Section 53-11-24 - Fractional shares. - A. A corporation may: (1) issue fractions of a share,...
Section 53-11-25 - Liability of subscribers and shareholders. - A. A holder of or subscriber to shares of a...
Section 53-11-26 - Shareholders' preemptive rights. - Except to the extent limited or denied by this section...
Section 53-11-27 - Bylaws. - The initial bylaws of a corporation shall be adopted by...
Section 53-11-28 - Meetings of shareholders. - A. Meetings of shareholders may be held at any place...
Section 53-11-29 - Notice of shareholders' meetings. - Written notice stating the place, day and hour of the...
Section 53-11-30 - Closing of transfer books and fixing record date. - For the purpose of determining shareholders entitled to notice of,...
Section 53-11-31 - Voting list. - The officer or agent having charge of the stock transfer...
Section 53-11-32 - Quorum of shareholders. - Unless otherwise provided in the articles of incorporation, a majority...
Section 53-11-33 - Voting of shares. - A. Each outstanding share, regardless of class, shall be entitled...
Section 53-11-34 - Voting trusts and agreements among shareholders. - A. Any number of shareholders of a corporation may create...
Section 53-11-35 - Board of directors. - A. All corporate powers shall be exercised by or under...
Section 53-11-36 - Number and election of directors. - The number of directors of a corporation shall consist of...
Section 53-11-37 - Classification of directors. - When the board of directors consists of two or more...
Section 53-11-38 - Vacancies. - Any vacancy occurring in the board of directors may be...
Section 53-11-39 - Removal of directors. - A. At a meeting of shareholders called expressly for that...
Section 53-11-40 - Quorum of directors. - A majority of the number of directors as fixed pursuant...
Section 53-11-40.1 - Director conflict of interest. - A. A conflict of interest transaction is a transaction with...
Section 53-11-41 - Executive and other committees. - If the articles of incorporation or the bylaws so provide,...
Section 53-11-42 - Place and notice of directors' meetings; committee meetings. - Meetings of the board of directors, regular or special, or...
Section 53-11-43 - Action by directors without a meeting. - Unless otherwise provided by the articles of incorporation or bylaws,...
Section 53-11-44 - Distributions to shareholders. - A. Subject to any restrictions in the articles of incorporation,...
Section 53-11-45 - Repealed. - Repeals. — Laws 1983, ch. 304, § 73, repealed 53-11-45...
Section 53-11-46 - Liability of directors in certain cases. - A. In addition to any other liabilities, a director who...
Section 53-11-47 - Provisions relating to actions by shareholders. - A. No action shall be brought in this state by...
Section 53-11-48 - Officers. - Every corporation organized under the Business Corporation Act shall have...
Section 53-11-49 - Removal of officers. - Any officer or agent may be removed by the board...
Section 53-11-50 - Books and records; financial reports to shareholders; examination of records. - A. Each corporation shall keep correct and complete books and...
Section 53-11-51 - Shares held for account. - A. If the articles of incorporation or the bylaws so...
Article 12 - Business Corporations; Formation of Corporations
Section 53-12-1 - Incorporators. - One or more persons or a domestic or foreign corporation...
Section 53-12-2 - Articles of incorporation. - A. The articles of incorporation shall set forth: (1) the...
Section 53-12-3 - Filing of articles of incorporation. - A. An original of the articles of incorporation together with...
Section 53-12-4 - Effect of incorporation. - Unless the commission [secretary of state] disapproves pursuant to Subsection...
Section 53-12-5 - Organization meeting of directors. - After the issuance of the certificate of incorporation, an organization...
Section 53-12-6 - Repealed. - Repeals. — Laws 1993, ch. 318, § 6 repealed 53-12-6...
Section 53-12-7 - Designation as a benefit corporation; requirements; standard of conduct. - A. A corporation, including a professional corporation, may elect to...
Article 13 - Business Corporations; Amendment of Articles of Incorporation
Section 53-13-1 - Right to amend articles of incorporation. - A corporation may amend its articles of incorporation from time...
Section 53-13-2 - Procedure to amend articles of incorporation. - Amendments to the articles of incorporation shall be made in...
Section 53-13-3 - Class voting on amendments. - The holders of the outstanding shares of a class may...
Section 53-13-4 - Articles of amendment. - The articles of amendment shall be executed by the corporation...
Section 53-13-5 - Filing of articles of amendment. - A. An original and a copy, which may be a...
Section 53-13-6 - Effect of certificate of amendment. - Unless the commission [secretary of state] disapproves pursuant to Subsection...
Section 53-13-7 - Restated articles of incorporation. - A. A domestic corporation may at any time restate its...
Section 53-13-8 - Amendment of articles of incorporation in reorganization proceedings. - A. Whenever a plan of reorganization of a corporation has...
Section 53-13-9 to 53-13-12 - Repealed. - Repeals. — Laws 1983, ch. 304, § 73 repealed 53-13-9...
Section 53-13-13 - Procedure for share exchange. - All the issued or all the outstanding shares of one...
Article 14 - Business Corporations; Mergers and Consolidations
Section 53-14-1 - Procedure for merger. - Any two or more domestic corporations may merge into one...
Section 53-14-2 - Procedure for consolidation. - Any two or more domestic corporations may consolidate into a...
Section 53-14-3 - Approval by shareholders. - A. The board of directors of each corporation in the...
Section 53-14-4 - Articles of merger, consolidation or exchange. - A. Upon receiving the approvals required by Sections 53-14-1, 53-14-2...
Section 53-14-5 - Merger of subsidiary corporation. - A. Any corporation owning at least ninety percent of the...
Section 53-14-6 - Effect of merger, consolidation or exchange. - Unless the commission [secretary of state] disapproves pursuant to Subsection...
Section 53-14-7 - Merger, consolidation or exchange of shares between domestic and foreign corporations. - A. One or more foreign corporations and one or more...
Article 15 - Business Corporations; Sale of Assets
Section 53-15-1 - Sale of assets in regular course of business and mortgage or pledge of assets. - The sale, lease, exchange or other disposition of all, or...
Section 53-15-2 - Sale of assets other than in regular course of business. - A sale, lease, exchange or other disposition of all or...
Section 53-15-3 - Right of shareholders to dissent and obtain payment for shares. - A. Any shareholder of a corporation may dissent from, and...
Section 53-15-4 - Rights of dissenting shareholders. - A. Any shareholder electing to exercise his right of dissent...
Article 16 - Business Corporations; Dissolution of Corporations
Section 53-16-1 - Voluntary dissolution by incorporators. - A corporation that has or has not commenced business and...
Section 53-16-2 - Voluntary dissolution by consent of shareholders. - A corporation may be voluntarily dissolved by the written consent...
Section 53-16-3 - Voluntary dissolution by act of corporation. - A corporation may be dissolved by the act of the...
Section 53-16-4 - Filing statement of intent to dissolve. - An original and a copy, which may be a photocopy...
Section 53-16-5 - Effect of statement of intent to dissolve. - Upon the filing by the commission [secretary of state] of...
Section 53-16-6 - Procedure after filing of statement of intent to dissolve. - After the filing by the commission [secretary of state] of...
Section 53-16-7 - Revocation of voluntary dissolution proceedings by consent of shareholders. - By the written consent of all of its shareholders, a...
Section 53-16-8 - Revocation of voluntary dissolution proceedings by act of corporation. - By the act of the corporation, a corporation may, at...
Section 53-16-9 - Filing statement of revocation of voluntary dissolution proceedings. - An original of the statement of revocation of voluntary dissolution...
Section 53-16-10 - Effect of statement of revocation of voluntary dissolution proceedings. - Upon the filing by the commission [secretary of state] of...
Section 53-16-11 - Articles of dissolution. - If voluntary dissolution proceedings have not been revoked, then, when...
Section 53-16-12 - Filing of articles of dissolution. - A. An original of articles of dissolution together with a...
Section 53-16-13 - Involuntary dissolution. - A corporation may be dissolved involuntarily by a decree of...
Section 53-16-14 - Notification to attorney general. - The commission [secretary of state] shall certify to the attorney...
Section 53-16-15 - Venue and process. - Every action for the involuntary dissolution of a corporation shall...
Section 53-16-16 - Jurisdiction of court to liquidate assets and business of corporation. - A. The district courts may liquidate the assets and business...
Section 53-16-17 - Procedure in liquidation of corporation by court. - A. In proceedings to liquidate the assets and business of...
Section 53-16-18 - Qualifications of receivers. - A receiver shall in all cases be a natural person...
Section 53-16-19 - Filing of claims in liquidation proceedings. - In proceedings to liquidate the assets and business of a...
Section 53-16-20 - Discontinuance of liquidation proceedings. - The liquidation of the assets and business of a corporation...
Section 53-16-21 - Decree of involuntary dissolution. - In proceedings to liquidate the assets and business of a...
Section 53-16-22 - Filing of decree of dissolution. - In case the court enters a decree dissolving a corporation,...
Section 53-16-23 - Deposit with state treasurer of amount due certain shareholders. - Upon the voluntary or involuntary dissolution of a corporation, the...
Section 53-16-24 - Survival of remedy after dissolution. - The dissolution of a corporation does not take away or...
Article 17 - Business Corporations; Foreign Corporations
Section 53-17-1 - Admission of foreign corporation. - No foreign corporation shall transact business in this state until...
Section 53-17-2 - Powers of foreign corporation. - A foreign corporation which has received a certificate of authority...
Section 53-17-3 - Corporate name of foreign corporation. - A. No certificate of authority shall be issued to a...
Section 53-17-4 - Change of name by foreign corporation. - Whenever a foreign corporation which is authorized to transact business...
Section 53-17-5 - Application for certificate of authority. - A. A foreign corporation, in order to procure a certificate...
Section 53-17-6 - Filing of application for certificate of authority. - A. A corporation applying for a certificate of authority shall...
Section 53-17-7 - Application for readmission. - The commission [secretary of state] may waive the filing of...
Section 53-17-8 - Effect of [certificate of] authority. - Unless the commission [secretary of state] disapproves pursuant to Subsection...
Section 53-17-9 - Registered office and registered agent of foreign corporation. - Each foreign corporation authorized to transact business in this state...
Section 53-17-10 - Change of registered office or registered agent of foreign corporation. - A. A foreign corporation authorized to transact business in this...
Section 53-17-11 - Service of process on foreign corporation. - The registered agent appointed by a foreign corporation authorized to...
Section 53-17-12 - Repealed. - Repeals. — Laws 1983, ch. 304, § 73, repealed 53-17-12...
Section 53-17-13 - Merger or conversion of foreign corporation authorized to transact business in this state. - Whenever a foreign corporation authorized to transact business in this...
Section 53-17-14 - Amended certificate of authority. - A foreign corporation authorized to transact business in this state...
Section 53-17-15 - Withdrawal of foreign corporation. - A. A foreign corporation authorized to transact business in this...
Section 53-17-16 - Filing of application for withdrawal. - A. An original of an application for withdrawal together with...
Section 53-17-17 - Revocation of certificate of authority. - A. The certificate of authority of a foreign corporation to...
Section 53-17-18 - Issuance of certificate of revocation; reinstatement. - A. Upon revoking a certificate of authority, the commission [secretary...
Section 53-17-19 - Application to corporations heretofore authorized to transact business in this state. - Foreign corporations which are authorized to transact business in this...
Section 53-17-20 - Transacting business without certificate of authority. - A. No foreign corporation transacting business in this state without...
Section 53-17-21 - Repealed. - Repeals. — Laws 1993, ch. 318, § 6 repealed 53-17-21...
Article 18 - Business Corporations; Miscellaneous Provisions
Section 53-18-1 - Powers of commission [secretary of state]. - The commission [secretary of state] has the power and authority...
Section 53-18-2 - Appeal from commission [secretary of state]. - A. If the commission [secretary of state] fails to approve...
Section 53-18-3 - Issuance of certificate of good standing and compliance. - The commission [secretary of state] may issue a certificate of...
Section 53-18-4 - Certificates and certified copies to be received in evidence. - All certificates issued by the commission [secretary of state] in...
Section 53-18-5 - Forms to be furnished by commission [secretary of state]. - Forms for all documents to be filed in the office...
Section 53-18-6 - Greater voting requirements. - Whenever a section of the Business Corporation Act specifies the...
Section 53-18-6.1 - Voting requirements; existing corporations. - A. The provisions of the 1983 amendments to the Business...
Section 53-18-7 - Waiver of notice. - Whenever any notice is required to be given to any...
Section 53-18-8 - Action by shareholders without a meeting. - Any action required by the Business Corporation Act to be...
Section 53-18-9 - Unauthorized assumption of corporate powers. - All persons who assume to act as a corporation without...
Section 53-18-10 - Application to existing corporations. - A. The provisions of the Business Corporation Act apply to...
Section 53-18-11 - Application to foreign and interstate commerce. - The provisions of the Business Corporation Act apply to commerce...
Section 53-18-12 - Reservation of power. - The legislature reserves power to amend, repeal or modify all...
Article 19 - Limited Liability Companies
Section 53-19-1 - Short title. - Chapter 53, Article 19 NMSA 1978 may be cited as...
Section 53-19-2 - Definitions. - As used in the Limited Liability Company Act: A. "articles...
Section 53-19-3 - Name. - A. The name of a limited liability company and, if...
Section 53-19-4 - Reservation of name. - A. The exclusive right to use a name may be...
Section 53-19-5 - Registered office and registered agent; change of principal place of business. - A. A limited liability company shall maintain in New Mexico:...
Section 53-19-6 - Nature and duration of business. - A limited liability company may conduct or promote any lawful...
Section 53-19-7 - Formation. - One or more persons may form a limited liability company...
Section 53-19-8 - Articles of organization. - The articles of organization shall set forth: A. a name...
Section 53-19-9 - Filing. - A. The organizer or organizers of a limited liability company...
Section 53-19-10 - Effect of filing of articles of organization. - A. A limited liability company is formed when the articles...
Section 53-19-11 - Amendment and restatement of articles of organization. - A. The articles of organization of a limited liability company...
Section 53-19-12 - Execution of documents. - A. Unless otherwise specified in the Limited Liability Company Act,...
Section 53-19-13 - Liability of members and managers to third parties. - Except as otherwise provided in the Limited Liability Company Act,...
Section 53-19-14 - Parties to actions. - A member of a limited liability company is not a...
Section 53-19-15 - Management by members or managers. - A. Except to the extent the articles of organization vest...
Section 53-19-16 - Liabilities and duties of managers and members. - Unless otherwise provided by the articles of organization or an...
Section 53-19-17 - Voting. - A. Except as provided by the articles of organization, an...
Section 53-19-18 - Indemnification of members and managers. - The articles of organization or an operating agreement may provide...
Section 53-19-19 - Records and information. - A. A limited liability company shall keep at its principal...
Section 53-19-20 - Contributions to capital; certificates of membership interest. - A. A membership interest in a limited liability company may...
Section 53-19-21 - Liability for contribution. - A. Except as provided in the articles of organization or...
Section 53-19-22 - Sharing of profits and losses. - The profits and losses of a limited liability company shall...
Section 53-19-23 - Sharing of interim distributions. - Except as provided in Sections 24 and 44 [53-19-24, 53-19-44...
Section 53-19-24 - Distribution on event of dissociation. - Upon the happening of an event of dissociation that does...
Section 53-19-25 - Withdrawals of capital and distributions in kind. - Except as provided in the articles of organization or an...
Section 53-19-26 - Wrongful distributions. - A. No distribution may be made if, after giving effect...
Section 53-19-27 - Liability upon wrongful distribution. - A. In addition to any other liabilities, a member or...
Section 53-19-28 - Right to distribution. - At the time a member becomes entitled to receive a...
Section 53-19-29 - Ownership of property by the limited liability company. - A. Property transferred to or otherwise acquired by a limited...
Section 53-19-30 - Transfer of property of limited liability company. - A. Except as provided in Subsection E of this section,...
Section 53-19-31 - Nature of membership interest. - A membership interest is personal property. History: Laws 1993, ch....
Section 53-19-32 - Assignment of interests. - A. Except as provided in the articles of organization or...
Section 53-19-33 - Right of assignee to become a member. - A. Except as otherwise provided in the articles of organization...
Section 53-19-34 - Interest of a deceased, incompetent or terminated member. - If a member who is an individual dies or a...
Section 53-19-35 - Rights of judgment creditor of member. - On application to a court by any judgment creditor of...
Section 53-19-36 - Admission of members. - A. Subject to the provisions of Subsection B of this...
Section 53-19-37 - Voluntary withdrawal of members. - A. Unless the articles of organization or an operating agreement...
Section 53-19-38 - Events of dissociation. - A. A member ceases to be a member of a...
Section 53-19-39 - Dissolution. - A. A limited liability company is dissolved upon the happening...
Section 53-19-40 - Judicial dissolution. - On application by or for a member, a court may...
Section 53-19-41 - Articles of dissolution. - A. On the dissolution of a limited liability company, persons...
Section 53-19-42 - Winding up. - A. Except as may be provided in the articles of...
Section 53-19-43 - Power of managers or members after dissolution. - A. Subject to Subsections C and D of this section,...
Section 53-19-44 - Distribution of assets. - In winding up the business and affairs of a limited...
Section 53-19-45 - Known claims against dissolved limited liability company. - A. A dissolved limited liability company may dispose of the...
Section 53-19-46 - Unknown claims against dissolved limited liability company. - A. A dissolved limited liability company may publish notice of...
Section 53-19-47 - Laws governing foreign limited liability company. - A. Subject to the constitution of New Mexico, the laws...
Section 53-19-48 - Registration. - Before transacting business in New Mexico, a foreign limited liability...
Section 53-19-49 - Issuance of registration. - If the commission [secretary of state] determines that the application...
Section 53-19-50 - Name. - A foreign limited liability company may register with the commission...
Section 53-19-51 - Amended certificate of registration. - A. The application for registration of a foreign limited liability...
Section 53-19-52 - Cancellation of registration. - A. A foreign limited liability company authorized to transact business...
Section 53-19-53 - Transaction of business without registration. - A. A foreign limited liability company transacting business in New...
Section 53-19-54 - Transactions not constituting transacting business. - A. The following activities of a foreign limited liability company,...
Section 53-19-55 - Service of process. - Service of process in any action against a foreign limited...
Section 53-19-56 - Action by attorney general. - The attorney general may maintain an action to recover civil...
Section 53-19-57 - Suits by and against the limited liability company. - Suits may be brought by or against a limited liability...
Section 53-19-58 - Authority to sue on behalf of limited liability company. - Except as otherwise provided in the articles of organization or...
Section 53-19-59 - Conversions and mergers; definitions. - As used in Sections 53-19-59 through 53-19-62.3 NMSA 1978: A....
Section 53-19-60 - Conversions and mergers; conversion of corporation, partnership or limited partnership to limited liability company. - A. A corporation, partnership or limited partnership may be converted...
Section 53-19-60.1 - Conversions and mergers; conversion of limited liability company to corporation, partnership or limited partnership. - A. A limited liability company may be converted to a...
Section 53-19-61 - Conversions and mergers; effect of conversion. - A. A corporation, partnership, limited liability company or limited partnership...
Section 53-19-62 - Conversions and merger of entities. - A. Pursuant to a plan of merger approved under Subsection...
Section 53-19-62.1 - Conversion and mergers; articles of merger. - A. After approval of the plan of merger under Subsection...
Section 53-19-62.2 - Conversions and mergers; effect of merger. - A. When a merger takes effect: (1) the separate existence...
Section 53-19-62.3 - Conversion and mergers; non-exclusivity. - Sections 53-19-59 through 53-19-62.2 NMSA 1978 do not preclude an...
Section 53-19-63 - Filing, service and copying fees. - The secretary of state shall charge and collect: A. for...
Section 53-19-64 - Execution by judicial act. - Any person who is adversely affected by the failure or...
Section 53-19-65 - Rules of construction. - A. It is the policy of the Limited Liability Company...
Section 53-19-66 - Powers of commission [secretary of state]. - The commission [secretary of state] has the power and authority...
Section 53-19-66.1 - Administrative revocation. - A limited liability company may be revoked by the commission...
Section 53-19-66.2 - Reinstatement following administrative revocation. - A. A limited liability company administratively revoked pursuant to the...
Section 53-19-67 - Appeal from commission [secretary of state]. - If the commission [secretary of state] fails to approve any...
Section 53-19-68 - Issuance of certificate of good standing and compliance. - The commission [secretary of state] may issue a certificate of...
Section 53-19-69 - Certificates and certified copies to be received in evidence. - All certificates issued by the commission [secretary of state] in...
Section 53-19-70 - Forms furnished by the commission [secretary of state]. - Forms for all documents to be filed in the office...
Section 53-19-71 - Application to existing limited liability companies. - The provisions of the Limited Liability Company Act apply to...
Section 53-19-72 - Application to foreign and interstate commerce. - The provisions of the Limited Liability Company Act apply to...