All persons who assume to act as a corporation without authority to do so are jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.
§ 53-18-9 NMSA 1978
Unauthorized assumption of corporate powers
1953 Comp., § 51-31-8, enacted by Laws 1967, ch. 81, § 129.
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.