reglab/housing_qa huggingface dataset:
NM Stat § 53-16-23 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 16 - Business Corporations; Dissolution of Corporations|Section 53-16-23 - Deposit with state treasurer of amount due certain shareholders.

Upon the voluntary or involuntary dissolution of a corporation, the portion of the assets distributable to a creditor or shareholder who is unknown or cannot be found, or who is under disability and there is no person legally competent to receive the distributive portion, shall be reduced to cash and deposited with the state treasurer and shall be paid over to the creditor or shareholder or to his legal representative upon proof satisfactory to the state treasurer of his right thereto. History: 1953 Comp., § 51-29-23, enacted by Laws 1967, ch. 81, § 101. ANNOTATIONSCompiler's notes. — This section is derived from Section 105 of the ABA Model Business Corporation Act.
NM Stat § 53-17-2 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-2 - Powers of foreign corporation.

A foreign corporation which has received a certificate of authority under the Business Corporation Act shall, until a certificate of revocation or of withdrawal, has been issued as provided in the Business Corporation Act, enjoy the same, but no greater, rights and privileges as a domestic corporation organized for the purposes set forth in the application pursuant to which the certificate of authority is issued; and, except as otherwise provided in the Business Corporation Act, is subject to the same duties, restrictions, penalties and liabilities now or hereafter imposed upon a domestic corporation of like character. History: 1953 Comp., § 51-30-2, enacted by Laws 1967, ch. 81, § 104. ANNOTATIONSCompiler's notes. — This section is derived from Section 107 of the ABA Model Business Corporation Act. Solicitation not transaction of business. — Where court construes previous decisions to hold that mere solicitation of a contract in this state by an agent, to be accepted at a home office in a foreign state, amounts to the transaction of business and that any action thereon is barred, the court errs. Vernon Co. v. Reed, 1967-NMSC-261, 78 N.M. 554, 434 P.2d 376 (decided under former law). Foreign public utility has power of eminent domain. — Under 62-1-1 and 62-1-4 NMSA 1978, a foreign public utility authorized to do business in this state has the same right as a domestic public utility to exercise the power of eminent domain in this state. El Paso Elec. Co. v. Real Estate Mart, Inc., 1979-NMSC-023, 92 N.M. 581, 592 P.2d 181. See now 62-1-1.1 NMSA 1978 (decided under prior law).
NM Stat § 53-17-4 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-4 - Change of name by foreign corporation.

Whenever a foreign corporation which is authorized to transact business in this state changes its name to one under which a certificate of authority would not be granted to it on application therefor, the certificate of authority of the corporation shall be suspended and it shall not therafter [thereafter] transact any business in this state until it has changed its name to a name which is available to it under the laws of this state, or has otherwise complied with the provisions of the Business Corporation Act. History: 1953 Comp., § 51-30-4, enacted by Laws 1967, ch. 81, § 106; 1975, ch. 64, § 42. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Compiler's notes. — This section is derived from Section 109 of the ABA Model Business Corporation Act. Law reviews. — For article, "1975 Amendments to the New Mexico Business Corporation Act," see 6 N.M.L. Rev. 57 (1975).
NM Stat § 53-17-7 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-7 - Application for readmission.

The commission [secretary of state] may waive the filing of articles of incorporation or other documents by a corporation making application for a certificate of authority if the documents were filed in connection with a previous application for a certificate of authority. History: 1953 Comp., § 51-30-6.1, enacted by Laws 1969, ch. 22, § 4. 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.
NM Stat § 53-17-8 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-8 - Effect of [certificate of] authority.

Unless the commission [secretary of state] disapproves pursuant to Subsection A of Section 53-18-2 NMSA 1978, upon delivery of the application for a certificate of authority to the commission [secretary of state], the corporation shall be authorized to transact business in this state for those purposes set forth in its application, subject, however, to the right of this state to suspend or revoke the authority as provided in the Business Corporation Act. History: 1953 Comp., § 51-30-7, enacted by Laws 1967, ch. 81, § 109; 1983, ch. 304, § 66. 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. Compiler's notes. — This section is derived from Section 112 of the ABA Model Business Corporation Act. The 1983 amendment, effective June 17, 1983, deleted "certificate of" preceding "authority" in the catchline and substituted "Unless the commission . . . to the commission" for "Upon the issuance of a certificate of authority by the commission" at the beginning of the section. Am. Jur. 2d, A.L.R. and C.J.S. references. — 36 Am. Jur. 2d Foreign Corporations §§ 238 to 239.
NM Stat § 53-17-9 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-9 - Registered office and registered agent of foreign corporation.

Each foreign corporation authorized to transact business in this state shall have and continuously maintain in this state: A. a registered office which may be, but need not be, the same as its place of business in this state; and B. a registered agent, which agent may be either an individual resident in this state whose business office is identical with the registered office, or a domestic corporation, or a foreign corporation authorized to transact business in this state, having a business office identical with the registered office. History: 1953 Comp., § 51-30-8, enacted by Laws 1967, ch. 81, § 110. ANNOTATIONSCompiler's notes. — This section is derived from Section 113 of the ABA Model Business Corporation Act. Constitutionality of registration statutes. — In a wrongful death action where decedent purchased a Ford pickup truck from a private seller in New Mexico, and where decedent later died in a single vehicle accident when the roof structure of the truck collapsed after the vehicle rolled over on a New Mexico road, and where plaintiff claimed that the truck's roof structure was defectively designed, defendant's claim that the imposition of general personal jurisdiction over it based on its registration to do business in New Mexico violated the dormant Commerce Clause was without merit, because any burden the registration statutes have on interstate commerce is justified by New Mexico's interests in providing access to the courts for residents and those injured in the state. Navarette Rodriguez v. Ford Motor Co., 2019-NMCA-023, cert. granted.Compliance with statute requiring registration to do business in the state constitutes consent to that state's jurisdiction. — In a wrongful death action where decedent purchased a Ford pickup truck from a private seller in New Mexico, and where decedent later died in a single vehicle accident when the roof structure of the truck collapsed after the vehicle rolled over on a New Mexico road, and where plaintiff claimed that the truck's roof structure was defectively designed, the district court did not err in denying defendant's motion to dismiss for lack of personal jurisdiction, because defendant consented to general jurisdiction in New Mexico courts by registering to do business here and appointing an agent for service of process under the Business Corporation Act, 53-11-1 through 53-18-12 NMSA 1978. Navarette Rodriguez v. Ford Motor Co., 2019-NMCA-023, cert. granted.Venue. — Foreign corporations that have appointed a foreign corporation as their statutory agent may receive the benefit of the special venue provisions of Section 38-3-1F NMSA 1978. Cooper v. Chevron U.S.A., Inc., 2002-NMSC-020, 132 N.M. 382, 49 P.3d 61. Am. Jur. 2d, A.L.R. and C.J.S. references. — 36 Am. Jur. 2d Foreign Corporations §§ 229, 233. 19 C.J.S. Corporations §§ 902, 909, 955.
NM Stat § 53-17-12 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-12 - Repealed.

ANNOTATIONSRepeals. — Laws 1983, ch. 304, § 73, repealed 53-17-12 NMSA 1978, as enacted by Laws 1967, ch. 81, § 113, relating to amendment of the articles of incorporation of a foreign corporation, effective June 17, 1983.
NM Stat § 53-17-13 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-13 - Merger or conversion of foreign corporation authorized to transact business in this state.

Whenever a foreign corporation authorized to transact business in this state is a party to a statutory merger or conversion permitted by the laws of the state or country under the laws of which it is incorporated, it shall, within thirty days after the merger or conversion becomes effective, file with the commission [secretary of state] a copy of the articles of merger or conversion duly authenticated by the proper officer of the state or country under the laws of which the statutory merger or conversion was effected. It is not necessary for the corporation to procure either a new or amended certificate of authority to transact business in this state unless the name of the corporation is changed thereby or unless the corporation desires to pursue in this state other or additional purposes than those which it is then authorized to transact in this state or unless the surviving corporation is to transact business in New Mexico but has not procured a certificate of authority to transact business in this state. History: 1953 Comp., § 51-30-12, enacted by Laws 1967, ch. 81, § 114; 1983, ch. 304, § 67; 2001, ch. 200, § 69. 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. Compiler's notes. — This section is derived from Section 117 of the ABA Model Business Corporation Act. The 2001 amendment, effective July 1, 2001, inserted "or conversion" following "merger" in the section heading and throughout the section text. The 1983 amendment, effective June 17, 1983, deleted "and the corporation is the surviving corporation" following "incorporated" in the first sentence and added "or unless . . . in this state" at the end of the last sentence.
NM Stat § 53-17-14 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-14 - Amended certificate of authority.

A foreign corporation authorized to transact business in this state shall procure an amended certificate of authority in the event it changes its corporate name or desires to pursue in this state other or additional purposes than those set forth in its prior application for a certificate of authority by making application therefor to the commission [secretary of state]. The requirements in respect to the form and contents of the application, the manner of its execution, the filing of an original and a copy, which may be a photocopy of the original after it was signed or a photocopy that is conformed to the original, with the commission [secretary of state], the issuance of an amended certificate of authority and the effect thereof shall be the same as in the case of an original application for a certificate of authority. History: 1953 Comp., § 51-30-13, enacted by Laws 1967, ch. 81, § 115; 2003, ch. 318, § 44. 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. Compiler's notes. — This section is derived from Section 118 of the ABA Model Business Corporation Act. The 2003 amendment, effective July 1, 2003, substituted "an original and a copy, which may be a photocopy of the original after it was signed or a photocopy that is conformed to the original" for "duplicate originals thereof" following "the filing of".
NM Stat § 53-17-16 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-16 - Filing of application for withdrawal.

A. An original of an application for withdrawal together with a copy, which may be signed, photocopied or conformed, shall be delivered to the commission [secretary of state]. If the commission [secretary of state] finds that the application conforms to the provisions of the Business Corporation Act and that the corporation has complied with the Tax Administration Act [Chapter 7, Article 1 NMSA 1978] and has paid all contributions required by the Unemployment Compensation Law [Chapter 51 NMSA 1978], it shall, when all fees have been paid: (1) endorse on the original and copy the word "filed" and the month, day and year of the filing; (2) file the original in its office; and (3) issue a certificate of withdrawal to which it shall affix the file-stamped copy. B. The certificate of withdrawal, together with the file-stamped copy of the application for withdrawal affixed to it, shall be returned by the commission [secretary of state] to the corporation or its representative. Upon the issuance of the certificate of withdrawal, the authority of the corporation to transact business in this state shall cease. History: 1953 Comp., § 51-30-15, enacted by Laws 1967, ch. 81, § 117; 2001, ch. 200, § 71; 2003, ch. 318, § 46. 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. Compiler's notes. — This section is derived from Section 120 of the ABA Model Business Corporation Act. The 2003 amendment, effective July 1, 2003, deleted "and franchise taxes" following "when all fees" in Subsection A. The 2001 amendment, effective July 1, 2001, deleted the provision that the application be executed in duplicate and changed the provisions of the section so that instead of explaining the procedures for processing duplicates, it explains procedures for processing the original and a copy of the original.
NM Stat § 53-17-19 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-19 - Application to corporations heretofore authorized to transact business in this state.

Foreign corporations which are authorized to transact business in this state at the time the Business Corporation Act takes effect, for a purpose or purposes for which a corporation might secure such authority under the Business Corporation Act, shall, subject to the limitations set forth in their respective certificates of authority, be entitled to all the rights and privileges applicable to foreign corporations procuring certificates of authority to transact business in this state under the Business Corporation Act, and from the time the Business Corporation Act takes effect, the corporations are subject to all the limitations, restrictions, liabilities and duties prescribed in the Business Corporation Act for foreign corporations procuring certificates of authority to transact business in this state under the Business Corporation Act. History: 1953 Comp., § 51-30-18, enacted by Laws 1967, ch. 81, § 120. ANNOTATIONSCompiler's notes. — This section is derived from Section 123 of the ABA Model Business Corporation Act.
NM Stat § 53-17-21 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 17 - Business Corporations; Foreign Corporations|Section 53-17-21 - Repealed.

ANNOTATIONSRepeals. — Laws 1993, ch. 318, § 6 repealed 53-17-21 NMSA 1978, as enacted by Laws 1991, ch. 170, § 10, requiring any person elected or appointed to a board of directors to file an affidavit with the corporation stating that he consents to be a member of the board of directors, effective June 18, 1993. For provisions of former section, see the 1992 NMSA 1978 on NMOneSource.com.
NM Stat § 53-18-1 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 18 - Business Corporations; Miscellaneous Provisions|Section 53-18-1 - Powers of commission [secretary of state].

The commission [secretary of state] has the power and authority reasonably necessary to enable it to administer the Business Corporation Act efficiently and to perform the duties therein imposed upon it. History: 1953 Comp., § 51-31-1, enacted by Laws 1967, ch. 81, § 122. 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. Compiler's notes. — This section is derived from Section 139 of the ABA Model Business Corporation Act.
NM Stat § 53-18-2 (2021)
2021 New Mexico Statutes|Chapter 53 - Corporations|Article 18 - Business Corporations; Miscellaneous Provisions|Section 53-18-2 - Appeal from commission [secretary of state].

A. If the commission [secretary of state] fails to approve any articles of incorporation, amendment, merger, consolidation or dissolution or any other document required by the Business Corporation Act to be approved by the commission [secretary of state] before it is filed in its office, it shall, within fifteen working days after the delivery thereof to it, give written notice of its disapproval to the person or corporation, domestic or foreign, delivering the same, specifying the reasons therefor. From the disapproval, the person or corporation may appeal to the district court pursuant to the provisions of Section 39-3-1.1 NMSA 1978. B. If the commission [secretary of state] revokes the certificate of authority to transact business in this state of any foreign corporation pursuant to the provisions of the Business Corporation Act, the foreign corporation may appeal to the district court pursuant to the provisions of Section 39-3-1.1 NMSA 1978. History: 1953 Comp., § 51-31-2, enacted by Laws 1967, ch. 81, § 123; 1983, ch. 304, § 69; 1998, ch. 55, § 49; 1999, ch. 265, § 52. 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. Compiler's notes. — This section is derived from Section 140 of the ABA Model Business Corporation Act. Cross references. — For procedures governing administrative appeals to the district court, see Rule 1-074 NMRA. The 1999 amendment, effective July 1, 1999, substituted "Section 39-3-1.1" for "Section 12-8A-1" in Subsections A and B. The 1998 amendment, effective September 1, 1998, rewrote this section to the extent that a detailed comparison is impracticable. The 1983 amendment, effective June 17, 1983, substituted "fifteen working days" for "ten days" near the middle of the first sentence of Subsection A. Law reviews. — For article, "How to Stand Still Without Really Trying: A Critique of the New Mexico Administrative Procedure Act," see 10 Nat. Res. J. 840 (1970). Am. Jur. 2d, A.L.R. and C.J.S. references. — 19 C.J.S. Corporations §§ 901, 919.