There is a newer version of the New Mexico Statutes
2006 New Mexico Statutes - Section 53-16-13 — Involuntary dissolution.
53-16-13. Involuntary dissolution.
A corporation may be dissolved involuntarily by a decree of the district court of Santa Fe county in an action filed by the attorney general when it is established that the corporation:
A. procured its articles of incorporation through fraud; or
B. has continued to exceed or abuse the authority conferred upon it by law.
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