New Mexico Statutes
§ 53-8-59 — Discontinuance of liquidation proceedings
New Mexico § 53-8-59
This text of New Mexico § 53-8-59 (Discontinuance of liquidation proceedings) 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. § 53-8-59 (2026).
Text
The liquidation of the assets and affairs of a corporation may be discontinued at any time during the liquidation proceedings when it is established that cause for liquidation no longer exists. In such event the court shall dismiss the proceedings and direct the receiver to redeliver to the corporation all its remaining property and assets.
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Legislative History
1953 Comp., § 51-14-101, enacted by Laws 1975, ch. 217, § 59.
Nearby Sections
15
§ 53-10-8
[Construction of act.]§ 53-11-1
Short title§ 53-11-10
Renewal of registered name§ 53-11-11
Registered office and registered agent§ 53-11-14
Service of process on corporation§ 53-11-15
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Bluebook (online)
New Mexico § 53-8-59, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-8-59.