New Mexico Statutes
§ 53-11-22 — Expenses of organization, reorganization and financing
New Mexico § 53-11-22
This text of New Mexico § 53-11-22 (Expenses of organization, reorganization and financing) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 53-11-22 (2026).
Text
The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by the corporation, either out of the consideration received by it in payment for its shares, or by issuance of its shares, without thereby rendering the shares not fully paid.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
1953 Comp., § 51-24-21, enacted by Laws 1967, ch. 81, § 21; 1983, ch. 304, §
Nearby Sections
15
§ 53-10-8
[Construction of act.]§ 53-11-1
Short title§ 53-11-10
Renewal of registered name§ 53-11-11
Registered office and registered agent§ 53-11-14
Service of process on corporation§ 53-11-15
Authorized sharesCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 53-11-22, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-11-22.