New Mexico § 53-16-24 Survival of remedy after dissolution

New Mexico Statutes

§ 53-16-24 — Survival of remedy after dissolution

New Mexico § 53-16-24

Ch. 53Corporations

Art. 16Business Corporations; Dissolution of Corporations

This text of New Mexico § 53-16-24 (Survival of remedy after dissolution) 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. § 53-16-24 (2026).

Text

The dissolution of a corporation does not take away or impair any remedy available to or against the corporation, its directors, officers or shareholders, for any right or claim existing, or any liability incurred, prior to the dissolution and any such action or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name. The shareholders, directors and officers may take such corporate or other action as appropriate to protect the remedy, right or claim.

Free access — add to your briefcase to read the full text and ask questions with AI

The dissolution of a corporation does not take away or impair any remedy available to or against the corporation, its directors, officers or shareholders, for any right or claim existing, or any liability incurred, prior to the dissolution and any such action or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name. The shareholders, directors and officers may take such corporate or other action as appropriate to protect the remedy, right or claim.