A receiver shall in all cases be a natural person or a corporation authorized to act as receiver, which corporation may be a domestic corporation or a foreign corporation authorized to transact business in this state, and shall in all cases give bond as the court may direct with sureties as the court may require.
History: 1953 Comp., § 51-29-18, enacted by Laws 1967, ch. 81, § 96; 1975, ch. 64, § 39.
Compiler's notes. — This section is derived from Section 99 of the ABA Model Business Corporation Act.
Law reviews. — For article, "1975 Amendments to the New Mexico Business Corporation Act," see 6 N.M.L. Rev. 57 (1975).
Am. Jur. 2d, A.L.R. and C.J.S. references. — 19 C.J.S. Corporations § 773.
Structure New Mexico Statutes
Article 16 - Business Corporations; Dissolution of Corporations
Section 53-16-1 - Voluntary dissolution by incorporators.
Section 53-16-2 - Voluntary dissolution by consent of shareholders.
Section 53-16-3 - Voluntary dissolution by act of corporation.
Section 53-16-4 - Filing statement of intent to dissolve.
Section 53-16-5 - Effect of statement of intent to dissolve.
Section 53-16-6 - Procedure after filing of statement of intent to dissolve.
Section 53-16-7 - Revocation of voluntary dissolution proceedings by consent of shareholders.
Section 53-16-8 - Revocation of voluntary dissolution proceedings by act of corporation.
Section 53-16-9 - Filing statement of revocation of voluntary dissolution proceedings.
Section 53-16-10 - Effect of statement of revocation of voluntary dissolution proceedings.
Section 53-16-11 - Articles of dissolution.
Section 53-16-12 - Filing of articles of dissolution.
Section 53-16-13 - Involuntary dissolution.
Section 53-16-14 - Notification to attorney general.
Section 53-16-15 - Venue and process.
Section 53-16-16 - Jurisdiction of court to liquidate assets and business of corporation.
Section 53-16-17 - Procedure in liquidation of corporation by court.
Section 53-16-18 - Qualifications of receivers.
Section 53-16-19 - Filing of claims in liquidation proceedings.
Section 53-16-20 - Discontinuance of liquidation proceedings.
Section 53-16-21 - Decree of involuntary dissolution.
Section 53-16-22 - Filing of decree of dissolution.
Section 53-16-23 - Deposit with state treasurer of amount due certain shareholders.