There Is a Newer Version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 53: Corporations
Article 2: Fees and Miscellaneous Corporation Law, 53-2-1 through 53-2-11
Section 53-2-5: Mutual associations; creation of capital stock.
NM Stat § 53-2-5 (1996 through 1st Sess 50th Legis) What's This?
53-2-5. [Mutual associations; creation of capital stock.]
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.
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