Corporations may be organized under the Business Corporation Act for any lawful purpose or purposes, except banking, insurance, credit unions, savings and loan associations, railroads and waterworks organized under the Laws of 1887, Chapter 12.
§ 53-11-3 NMSA 1978
Purposes
Known as the Business Corporation Act
The act spans §§ 53–53 (54 sections).
1953 Comp., § 51-24-3, enacted by Laws 1967, ch. 81, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.