New Mexico § 53-8-41 Procedure for consolidation

New Mexico Statutes

§ 53-8-41 — Procedure for consolidation

New Mexico § 53-8-41

Ch. 53Corporations

Art. 8Nonprofit Corporations

This text of New Mexico § 53-8-41 (Procedure for consolidation) 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. § 53-8-41 (2026).

Text

A. Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in the Nonprofit Corporation Act. B. Each corporation shall adopt a plan of consolidation setting forth:

(1)the names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;

(2)the terms and conditions of the proposed consolidation;

(3)with respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under the Nonprofit Corporation Act; and (4) such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.

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A. Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in the Nonprofit Corporation Act. B. Each corporation shall adopt a plan of consolidation setting forth: (1) the names of the corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation; (2) the terms and conditions of the proposed consolidation; (3) with respect to the new corporation, all of the statements required to be set forth in articles of incorporation for corporations organized under the Nonprofit Corporation Act; and (4) such other provisions with respect to the proposed consolidation as are deemed necessary or desirable.