New Mexico Statutes
§ 53-2-5 — [Mutual associations; creation of capital stock.]
The members of any mutual association, heretofore or hereafter incorporated, may provide for and create a capital stock of such corporation, upon the consent in writing of all the members of the corporation, and may provide for the payment of such stock, and fix and prescribe the rights and privileges of the stockholders therein.
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New Mexico § 53-2-5 ([Mutual associations; creation of capital stock.]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1905, ch. 79, § 122; Code 1915, § 1006; C.S. 1929, § 32-226; 1941
Nearby Sections
15
§ 53-10-8
[Construction of act.]§ 53-11-1
Short title§ 53-11-10
Renewal of registered name§ 53-11-11
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Service of process on corporation§ 53-11-15
Authorized shares