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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Section 53-11-21 - Repealed.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 — Laws 1983, ch. 304, § 73, repealed 53-11-21...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...