N.M. Stat. § 53-8-98

Current through 2024, ch. 69

Section 53-8-98 - Unauthorized assumption of corporate powers

All persons who assume to act as a corporation without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.

NMS § 53-8-98

1953 Comp., § 51-14-137, enacted by Laws 1975, ch. 217, § 95.