New Mexico Statutes
§ 62-2-11 — [Increase or decrease of capital stock.]
New Mexico § 62-2-11
JurisdictionNew Mexico
Ch. 62Electric, Gas and Water Utilities
Art. 2Incorporation and Powers of Waterworks
This text of New Mexico § 62-2-11 ([Increase or decrease 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. § 62-2-11 (2026).
Text
The capital stock of any such corporation may be increased or diminished at any meeting of the stockholders, but may only be done by a two-thirds vote of all the shares of stock, but in no case shall the capital stock be reduced below the outstanding indebtedness and liabilities of the corporation.
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Legislative History
Laws 1887, ch. 12, § 12; C.L. 1897, § 479; Code 1915, § 1037; C.S. 1929, §
Nearby Sections
15
§ 62-1-1
[Incorporation.]§ 62-1-1.1
Foreign corporations; powers§ 62-1-5
[General powers.]§ 62-1-7
[Applicability.]§ 62-10-10
Depositions§ 62-10-11
Certified copies; evidence§ 62-10-12
Recording orders§ 62-10-13
Fees§ 62-10-14
Decisions§ 62-10-15
RepealedCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 62-2-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/62/62-2-11.