There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 53 - Corporations
Article 2 - Fees and Miscellaneous Corporation Law
Section 53-2-5 - [Mutual associations; creation of capital stock.] (1905)
NM Stat § 53-2-5 (2013) What's This?
53-2-5. [Mutual associations; creation of capital stock.] (1905)
The members of any mutual association, heretofore or hereafter incorporated, may provide for and create a capital stock of such corporation, upon the consent in writing of all the members of the corporation, and may provide for the payment of such stock, and fix and prescribe the rights and privileges of the stockholders therein.
History: Laws 1905, ch. 79, § 122; Code 1915, § 1006; C.S. 1929, § 32-226; 1941 Comp., § 54-1005; 1953 Comp., § 51-12-5.
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