reglab/housing_qa huggingface dataset:
NM Stat § 53-2-11 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 2 - Fees and Miscellaneous Corporation Law|Section 53-2-11 - Electronic filing and certification of documents; use of electronic payment of fees.

A. The secretary of state may permit the electronic filing of documents, including original documents, and the certification of electronically filed documents when filing or certification is required or permitted pursuant to a provision of Chapter 53 NMSA 1978. The secretary of state may accept electronic filings for the purposes of satisfying requirements for original documents or copies. As used in this section, "electronic filing" means filing by facsimile, email or other electronic transmission. If the secretary of state accepts the filing of a document by electronic transmission, the secretary of state shall accept for filing a document by electronic transmission containing a copy of a signature, however made.B. The secretary of state may accept a credit or debit card, in lieu of cash or check, or other means of payment specified in the secretary of state's rules, as payment of a fee pursuant to a provision of Chapter 53 NMSA 1978. The secretary of state shall determine those credit or debit cards or other means of payment that may be accepted for payment.History: Laws 2001, ch. 200, § 13; 2019, ch. 160, § 1. ANNOTATIONSThe 2019 amendment, effective July 1, 2019, provided that the secretary of state shall accept for filing a document by electronic transmission containing a copy of a signature; in Subsection A, after the first occurrence of "The", deleted "public regulation commission" and added "secretary of state", after the second occurrence of "The", deleted "rules shall provide for the appropriate treatment of" and added "secretary of state may accept", after "documents or copies", deleted "and shall provide the requirements for signature with respect to electronic filings", after "If the", deleted "commission" and added "secretary of state", after "document by electronic transmission", deleted "it may" and added "the secretary of state shall", and after "filing a document", added "by electronic transmission"; and in Subsection B, after "The", deleted "public regulation commission" and added "secretary of state", after "payment specified in", deleted "its" and added "the secretary of state's", and after the next occurrence of "The", deleted "commission" and added "secretary of state".
NM Stat § 53-3-1 to 53-3-6 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-1 to 53-3-6 - Recompiled.

ANNOTATIONSRecompilations. — Laws 1978, ch. 139, § 23, recompiled 51-13-1, 51-13-2, 51-13-2.1, 51-13-2.2, 51-13-6 and 51-13-7, 1953 Comp. (51-13-1 to 51-13-6 NMSA 1978), relating to the franchise tax, as 51-13-14, 51-13-16, 51-13-20, 51-13-17, 51-13-18 and 51-13-19, 1953 Comp. (53-3-12, 53-3-13, 53-3-17, 53-3-14, 53-3-15 and 53-3-16 NMSA 1978), respectively, effective January 1, 1979.
NM Stat § 53-3-7 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-7 - Repealed.

ANNOTATIONSRepeals. — Laws 1978, ch. 139, § 24, repealed 51-13-8, 1953 Comp. (53-3-7 NMSA 1978), relating to review of assessments, effective January 1, 1979.
NM Stat § 53-3-8 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-8 - Recompiled.

ANNOTATIONSRecompilations. — Laws 1978, ch. 139, § 23, recompiled 51-13-10, 1953 Comp. (53-3-8 NMSA 1978), relating to additional data, as 51-13-22, 1953 Comp. (53-3-19 NMSA 1978), effective January 1, 1979.
NM Stat § 53-3-10 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-10 - Repealed.

ANNOTATIONSRepeals. — Laws 1978, ch. 139, § 24, repealed 51-13-12, 1953 Comp. (53-3-9 NMSA 1978), relating to disposition of amounts collected, and 51-13-12.1, 1953 Comp. (53-3-10 NMSA 1978), relating to refunds, effective January 1, 1979.
NM Stat § 53-3-11 to 53-3-17 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-11 to 53-3-17 - Repealed.

ANNOTATIONSRepeals. — Laws 1986, ch. 20, § 136D repealed former 53-3-11 through 53-3-17 NMSA 1978, relating to the Franchise Tax Act, effective May 21, 1986. For present provisions, see Chapter 7, Article 2A NMSA 1978.
NM Stat § 53-3-18 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-18 - Repealed.

ANNOTATIONSRepeals. — Laws 1979, ch. 390, § 12, repealed 53-3-18 NMSA 1978, relating to late filing of the annual report, assessment and notice of franchise tax, penalties and interest, effective July 1, 1979.
NM Stat § 53-3-19 to 53-3-31 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-19 to 53-3-31 - Repealed.

ANNOTATIONSRepeals. — Laws 1986, ch. 20, § 136D repealed former 53-3-19 through 53-3-31 NMSA 1978, relating to the Franchise Tax Act, effective May 21, 1986. For present provisions, see Chapter 7, Article 2A NMSA 1978.
NM Stat § 53-3-32 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-32 - Repealed.

ANNOTATIONSRepeals. — Laws 1979, ch. 390, § 12, repealed 53-3-32 NMSA 1978, relating to fraud in the payment or collection of the franchise tax, effective July 1, 1979.
NM Stat § 53-3-33 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-33 - Repealed.

ANNOTATIONSRepeals. — Laws 1986, ch. 20, § 136D repealed former 53-3-33 NMSA 1978, as enacted by Laws 1979, ch. 390, § 10, relating to the Franchise Tax Act, effective May 21, 1986. For present provisions, see Chapter 7, Article 2A NMSA 1978.
NM Stat § 53-3-34 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 3 - Franchise Tax (Repealed, Recompiled.)|Section 53-3-34 - Repealed.

ANNOTATIONSRepeals. — Laws 1998, ch. 108, § 81 repealed 53-3-34 NMSA 1978, as enacted by Laws 1979, ch. 390, § 11, relating to limitations on actions involving franchise taxes, effective January 1, 1999.
NM Stat § 53-4-1 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-1 - Definitions.

Unless the subject matter or context requires otherwise, wherever used herein [Chapter 53, Article 4 NMSA 1978]: A. "association" means a group enterprise legally incorporated hereunder, and shall be deemed to be a nonprofit corporation; B. "member" means not only a member in a nonshare association but also a member in a share association; C. "net savings" means the total income of an association minus the costs of operation; D. "interest-dividends" means the return on share or membership capital which is limited in accordance with the provisions of Section 22 [53-4-22 NMSA 1978] herein; E. "savings returns" means the amount returned to the patrons in proportion to their patronage in accordance with the provisions of Section 31 [53-4-31 NMSA 1978] herein; F. "cooperative basis" as applied to any incorporated or unincorporated group not organized hereunder means: (1) that each member has one vote and only one vote except as may be altered in the articles or by-laws [bylaws] by provision for voting by member organizations; (2) that the maximum rate at which any return is paid on share or membership capital is limited; (3) that the allocation or distribution of net savings after payment, if any, of said limited return on capital and after making provision for such separate funds as may be required or specially permitted by statute, articles or by-laws [bylaws], is made to member patrons, or to all patrons, in proportion to their partonage [patronage]. History: Laws 1939, ch. 164, § 1; 1941 Comp., § 54-1401; 1953 Comp., § 51-15-1. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Cross references. — For Uniform Unclaimed Property Act, see Chapter 7, Article 8A NMSA 1978. For rural electric cooperatives, see 62-15-1 NMSA 1978 et seq. For cooperative marketing associations of agricultural producers, see 76-12-1 NMSA 1978 et seq. Am. Jur. 2d, A.L.R. and C.J.S. references. — 64 Am. Jur. 2d Public Utilities § 5.
NM Stat § 53-4-1.1 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-1.1 - Short title.

Chapter 53, Article 4 NMSA 1978 may be cited as the "Cooperative Association Act". History: Laws 2001, ch. 200, § 14. ANNOTATIONSEffective dates. — Laws 2001, ch. 200, § 101 made Laws 2001, ch. 200, § 14 effective July 1, 2001.
NM Stat § 53-4-2 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-2 - Who may incorporate.

Any five or more natural persons or two or more associations may incorporate hereunder. History: Laws 1939, ch. 164, § 2; 1941 Comp., § 54-1402; 1953 Comp., § 51-15-2. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations § 1.
NM Stat § 53-4-3 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-3 - Purposes.

An association may be incorporated hereunder to engage in any one or more lawful mode or modes of acquiring, selling, producing, building, operating, manufacturing, furnishing, exchanging or distributing any type or types of property, commodities, goods or services, and for the transaction of any lawful business. History: Laws 1939, ch. 164, § 3; 1941 Comp., § 54-1403; 1953 Comp., § 51-15-3. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations § 4; 18 Am. Jur. 2d Corporations §§ 28, 30, 31; 18A Am. Jur. 2d Corporations §§ 192 to 198. Farm or dairy products, cooperative marketing of, by producers' association, 25 A.L.R. 1113, 33 A.L.R. 247, 47 A.L.R. 936, 77 A.L.R. 405, 98 A.L.R. 1406, 12 A.L.R.2d 130. 18 C.J.S. Corporations § 28; 43 C.J.S. Industrial Cooperative Societies § 3.
NM Stat § 53-4-4 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-4 - Powers.

An association shall have the capacity to act possessed by natural persons and the authority to do anything required or permitted herein and also: A. to continue as a corporation for the time specified in its articles; B. to have a corporate seal and to alter the same at pleasure; C. to sue and be sued in its corporate name; D. to make by-laws [bylaws] for the government and regulation of its affairs; E. to acquire, own, hold, sell, lease, pledge or mortgage any property incident to its purposes; F. to own and hold membership in and share capital of other associations and corporations, and any types of bonds or other obligations; and while the owner thereof to exercise all the rights of ownership; G. to borrow money, contract debts and make contracts, including agreements of mutual aid or federation with other associations and other groups organized on a cooperative basis; H. to conduct its affairs without as well as within this state; I. to exercise in addition any power granted to ordinary business corporations, save those powers inconsistent herewith; J. to exercise all powers not inconsistent herewith which may be necessary, convenient, or expedient for the accomplishment of its purposes, and, to that end, the foregoing enumeration of powers shall not be deemed exclusive. History: Laws 1939, ch. 164, § 4; 1941 Comp., § 54-1404; 1953 Comp., § 51-15-4. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Cross references. — For Uniform Unclaimed Property Act, see Chapter 7, Article 8A NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations §§ 30 to 32; 18 Am. Jur. 2d Corporations §§ 28, 32, 33; 18A Am. Jur. 2d Corporations §§ 196, 197; 18B Am. Jur. 2d Corporations §§ 1990 to 1992, 1995 to 1999, 2001 to 2008, 2085. Exemption of cooperative associations from operation of statutes relating to use of highways by private motor carriers and contract motor carriers for hire, 109 A.L.R. 550, 175 A.L.R. 1333. Membership corporation or association or cooperative group furnishing to its members service commonly supplied by public utility, as subject to governmental regulation or to jurisdiction of public service commission, 132 A.L.R. 1495. Validity and construction of provisions for liquidated damages in contract with cooperative marketing association, 12 A.L.R.2d 130. 19 C.J.S. Corporations §§ 554 to 739; 43 C.J.S. Industrial Cooperative Societies § 6.
NM Stat § 53-4-6 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-6 - Articles of incorporation; filing; recordation; fees.

The articles of incorporation of the association shall be filed with the public regulation commission [secretary of state] together with a fee of fifty dollars ($50.00) and shall be recorded with the county clerk of the county where the principal office of the association is located for a fee of one dollar ($1.00). History: Laws 1939, ch. 164, § 6; 1941 Comp., § 54-1406; 1953 Comp., § 51-15-6; Laws 1993, ch. 311, § 4; 2001, ch. 200, § 16. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 2013, ch. 75, § 9 provided that as of July 1, 2013, the secretary of state, pursuant to N.M. const., Art. 11, § 19, shall assume responsibility for chartering corporations as provided by law, including the performance of the functions of the former corporations bureau of the public regulation commission, and that except for Subsection D of 53-5-8 NMSA 1978, references to the "public regulation commission", "state corporation commission" or "commission" shall be construed to be references to the secretary of state. See 8-4-7 NMSA 1978. The 2001 amendment, effective July 1, 2001, inserted "of the association" following "articles of incorporation" and "the principal office"; and substituted "public regulation commission" for "state corporation commission". The 1993 amendment, effective July 1, 1993, inserted "of incorporation", deleted "of New Mexico" following "commission", and substituted "fifty dollars ($50.00)" for "twenty-five dollars ($25.00)". Am. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations §§ 13 to 15; 18A Am. Jur. 2d Corporations §§ 208, 209, 211, 213, 214. 18 C.J.S. Corporations § 25 et seq.
NM Stat § 53-4-6.1 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-6.1 - Registered office and registered agent.

An association shall have and continuously maintain in New Mexico: A. a registered office, which may be the same as its principal office; and B. a registered agent that may be: (1) an individual resident in the state whose business office is identical with the registered office of the association; (2) a for-profit or not-for-profit domestic corporation having an office identical with the registered office of the association; or (3) a for-profit or not-for-profit foreign corporation authorized to transact business or conduct affairs in New Mexico and having an office identical with the registered office of the corporation. History: Laws 2001, ch. 200, § 23. ANNOTATIONSEffective dates. — Laws 2001, ch. 200, § 101 made Laws 2001, ch. 200, § 23 effective July 1, 2001.
NM Stat § 53-4-6.3 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-6.3 - Service of process on association.

The registered agent appointed by an association shall be an agent of the association upon whom any process, notice or demand required or permitted by law to be served upon the association may be served. Nothing in this section limits or affects the right for process, notice or demand to be served upon an association in any other manner permitted by law. History: Laws 2001, ch. 200, § 25. ANNOTATIONSEffective dates. — Laws 2001, ch. 200, § 101 made Laws 2001, ch. 200, § 25 effective July 1, 2001.
NM Stat § 53-4-6.4 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-6.4 - Recompiled.

ANNOTATIONSRecompilations. — Laws 2001, ch. 200, § 26, relating to the cancellation of certification of incorporation of some domestic corporations, was erroneously compiled as 53-4-6.4 NMSA 1978. It was recompiled as 53-5-7.1 NMSA 1978.
NM Stat § 53-4-7 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-7 - Articles of incorporation; amendments; fee.

A. Amendments to the articles of incorporation may be proposed by a two-thirds' vote of the board of directors or by petition of one-tenth of the association's members. Notice of the meeting to consider the amendment shall be sent by the secretary at least thirty days in advance to each member at his last known address, accompanied by the full text of the proposal and by that part of the articles to be amended. Two-thirds of the members voting may adopt the amendment and, when verified by the president and the secretary, it shall be filed with the public regulation commission [secretary of state] within thirty days of its adoption, and a fee of twenty-five dollars ($25.00) shall be paid. B. If the amendment is to alter the preferences of outstanding shares of any type or to authorize the issuance of shares having preferences superior to outstanding shares of any type, the vote of two-thirds of the members owning the outstanding shares affected by the change shall also be required for the adoption of the amendment. C. The amount of capital and the number and par value of shares may be diminished or increased by amendment of the articles, but the capital shall not be diminished below the amount of paid-up capital existing at the time of amendment. History: Laws 1939, ch. 164, § 7; 1941 Comp., § 54-1407; 1953 Comp., § 51-15-7; Laws 1993, ch. 311, § 5; 2001, ch. 200, § 17. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 2013, ch. 75, § 9 provided that as of July 1, 2013, the secretary of state, pursuant to N.M. const., Art. 11, § 19, shall assume responsibility for chartering corporations as provided by law, including the performance of the functions of the former corporations bureau of the public regulation commission, and that except for Subsection D of 53-5-8 NMSA 1978, references to the "public regulation commission", "state corporation commission" or "commission" shall be construed to be references to the secretary of state. See 8-4-7 NMSA 1978. The 2001 amendment, effective July 1, 2001, inserted "of incorporation" following "articles" and substituted "public regulation commission" for "state corporation commission". The 1993 amendment, effective July 1, 1993, added the subsection designations; and in Subsection A, substituted "twenty-five dollars ($25.00)" for "ten dollars ($10.00)" and made minor stylistic changes throughout the subsection. Am. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations §§ 13 to 15; 18 Am. Jur. 2d Corporations §§ 79 to 95. 18 C.J.S. Corporations § 25 et seq.
NM Stat § 53-4-8 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-8 - Adoption, amendment, or repeal of by-laws [bylaws].

By-laws [Bylaws] shall be adopted, amended, or repealed by a majority vote of the members voting. History: Laws 1939, ch. 164, § 8; 1941 Comp., § 54-1408; 1953 Comp., § 51-15-8. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations §§ 13 to 15; 18A Am. Jur. 2d Corporations §§ 327 to 330, 332. 18 C.J.S. Corporations §§ 111 to 121.
NM Stat § 53-4-9 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-9 - Contents of by-laws [bylaws].

The by-laws [bylaws] may, within the limitations set forth herein provide for: A. the method and terms of admission to membership and the disposal of members' interests on cessation of membership for any reason; B. the time, place and manner of calling and conducting meetings; C. the number or percentage of the members constituting a quorum; D. the number, qualifications, powers, duties, term of office, and manner, time and vote for election, of directors and officers; and the classification, if any, of directors; E. the compensation, if any, of the directors, and the number of directors necessary to constitute a quorum; F. the method of distributing the net savings; G. the various discretionary provisions herein as well as other provisions incident to the purposes and activities of the association. History: Laws 1939, ch. 164, § 9; 1941 Comp., § 54-1409; 1953 Comp., § 51-15-9. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Am. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations §§ 13 to 15; 18 Am. Jur. 2d Corporations §§ 17, 18; 18A Am. Jur. 2d Corporations §§ 310, 311, 314 to 318, 320, 321, 323, 325, 326, 331. 18 C.J.S. Corporations §§ 113 to 115; 43 C.J.S. Industrial Cooperative Societies § 4.
NM Stat § 53-4-9.1 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 4 - Cooperative Associations|Section 53-4-9.1 - Indemnification of officers and directors.

Each association shall have the power to indemnify any director or officer or former director or officer of the association against reasonable expenses, costs and attorneys' fees actually and reasonably incurred by him in connection with the defense of any action, suit or proceeding, civil or criminal, in which he is made a party by reason of being or having been a director or officer. The indemnification may include any amounts paid to satisfy a judgment or to compromise or settle a claim. The director or officer shall not be indemnified if he shall be adjudged to be liable on the basis that he has breached or failed to perform the duties of his office and the breach or failure to perform constitutes willful misconduct or recklessness. Advance indemnification may be allowed of a director or officer for reasonable expenses to be incurred in connection with the defense of the action, suit or proceeding, provided that the director or officer shall reimburse the association if it is subsequently determined that the director or officer was not entitled to indemnification. Each association may make any other indemnification as authorized by the articles of incorporation or bylaws or by a resolution adopted after notice by the members entitled to vote. As used in this section, "director" means any person who is or was a director of the association and any person who, while a director of the association, is or was serving at the request of the association as a director, officer, partner, trustee, employee or agent of any foreign or domestic corporation or nonprofit corporation, cooperative, partnership, joint venture, trust, other incorporated or unincorporated enterprise or employee benefit plan or trust. History: 1978 Comp., § 53-4-9.1, enacted by Laws 1987, ch. 238, § 1. ANNOTATIONSCross references. — For indemnification of officers and directors, see 53-8-26 NMSA 1978. Law reviews. — For article, "Statutory Adoption of Several Liability in New Mexico: A Commentary and Quasi-Legislative History," see 18 N.M.L. Rev. 483 (1988).