New Mexico Statutes
§ 63-1-20 — [Assessment remaining unpaid; requirements for new
levy.] No assessment shall be levied while any portion of a previous one remains unpaid, unless: A. the power of the corporation has been exercised in accordance with the provisions of this chapter, for the purpose of collecting such previous assessment; B. the collection of the previous assessment has been enjoined; or C. the assessment falls within the first proviso contained in the preceding section [63-1-19 NMSA 1978].
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Legislative History
Laws 1878, ch. 1, ch. [tit.] 5, § 2; C.L. 1884, § 2656; C.L. 1897, § 3838; Code
Nearby Sections
15
§ 63-1-1
[Formation of corporations.]§ 63-1-10
[Contents of bylaws.]§ 63-1-13
[Election and term of directors.]§ 63-1-2
[Articles of incorporation.]