New Mexico § 53-11-3 Purposes

New Mexico Statutes

§ 53-11-3 — Purposes

New Mexico·Ch. 53 Corporations·Art. 11 Business Corporations; Substantive Provisions

Corporations may be organized under the Business Corporation Act for any lawful purpose or purposes, except banking, insurance, credit unions, savings and loan associations, railroads and waterworks organized under the Laws of 1887, Chapter 12.

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New Mexico § 53-11-3 (Purposes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

1953 Comp., § 51-24-3, enacted by Laws 1967, ch. 81, § 3.

Nearby Sections

15

§ 53-10-1

[Purpose of organization; filing statement, articles of

§ 53-10-2

[Property holdings; effect of member's death on

§ 53-10-3

[Mortgage or sale of property; method of conveyance.]

§ 53-10-4

[Rules and regulations; subjects; effect.]

§ 53-10-5

[Right to sue and be sued; actions against members.]

§ 53-10-6

Suits against or by unincorporated associations; recovery

§ 53-10-7

[Maximum term of existence; dissolution; distribution of

§ 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

§ 53-11-12

Failure to appoint and maintain registered agent; penalty;

§ 53-11-13

Change of registered office or registered agent

§ 53-11-14

Service of process on corporation

§ 53-11-15

Authorized shares

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