New Mexico Statutes

§ 53-19-40 — Judicial dissolution

New Mexico § 53-19-40

JurisdictionNew Mexico

Ch. 53Corporations

Art. 19Limited Liability Companies

This text of New Mexico § 53-19-40 (Judicial 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. § 53-19-40 (2026).

Text

On application by or for a member, a court may decree dissolution of a limited liability company whenever it is not reasonably practicable to carry on its business in conformity with its articles of organization or operating agreement.

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Legislative History

Laws 1993, ch. 280, § 40.

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

§ 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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Bluebook (online)

New Mexico § 53-19-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-19-40.