New Mexico Statutes

§ 53-8-45 — Merger or consolidation of domestic and foreign

New Mexico·Ch. 53 Corporations·Art. 8 Nonprofit Corporations

corporations. A. One or more foreign corporations and one or more domestic corporations may be merged or consolidated in the following manner, if such merger or consolidation is permitted by the laws of the state under which each foreign corporation is organized:

(1)each domestic corporation shall comply with the provisions of the Nonprofit Corporation Act with respect to the merger or consolidation, of domestic corporations, and each foreign corporation shall comply with the applicable provisions of the laws of the state under which it is organized; and (2) if the surviving or new corporation is to be governed by the laws of any state other than New Mexico it shall comply with the provisions of the Nonprofit Corporation Act with respect to foreign corporations if it is to conduct affairs

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Legislative History

1953 Comp., § 51-14-87, enacted by Laws 1975, ch. 217, § 45.

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