New Mexico Statutes
§ 53-2-5 — [Mutual associations; creation of capital stock.]
New Mexico § 53-2-5
This text of New Mexico § 53-2-5 ([Mutual associations; creation of capital stock.]) 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. § 53-2-5 (2026).
Text
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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Legislative History
Laws 1905, ch. 79, § 122; Code 1915, § 1006; C.S. 1929, § 32-226; 1941
Nearby Sections
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[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
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Bluebook (online)
New Mexico § 53-2-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-2-5.