N.M. Stat. § 53-11-3

Current through 2024, ch. 69

Section 53-11-3 - Purposes

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.

NMS § 53-11-3

1953 Comp., § 51-24-3, enacted by Laws 1967, ch. 81, § 3.