There is a newer version of the New Mexico Statutes
2006 New Mexico Statutes - Section 62-2-11 — Increase or decrease of capital stock.
62-2-11. [Increase or decrease of capital stock.]
The capital stock of any such corporation may be increased or diminished at any meeting of the stockholders, but may only be done by a two-thirds vote of all the shares of stock, but in no case shall the capital stock be reduced below the outstanding indebtedness and liabilities of the corporation.
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