One or more persons may form a limited liability company by filing articles of organization with the commission [secretary of state]. The person or persons forming the limited liability company need not be members of the limited liability company. One or more persons may own and operate the limited liability company. A single member limited liability company formed prior to July 1, 1999 is a lawful entity.
§ 53-19-7 NMSA 1978
Formation
Known as the Limited Liability Company Act
The act spans §§ 53–53 (80 sections).
Laws 1993, ch. 280, § 7; 1999, ch. 132, § 1.
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.