There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 62: Electric, Gas and Water Utilities
Article 2: Incorporation and Powers of Waterworks, 62-2-1 through 62-2-22
Section 62-2-11: Increase or decrease of capital stock.
Universal Citation:
NM Stat § 62-2-11 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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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