2016 New Mexico Statutes
Chapter 53 - Corporations
Article 8 - Nonprofit Corporations
Section 53-8-70 - Effect of certificate of authority.
53-8-70. Effect of [certificate of] authority.
Unless the corporation commission [secretary of state] disapproves pursuant to Subsection A of Section 53-8-91 NMSA 1978, upon delivery of the application for a certificate of authority to the corporation commission [secretary of state], the corporation shall be authorized to conduct affairs in New Mexico for those purposes set forth in its application, subject, however, to the right of this state to suspend or to revoke such authority as provided in the Nonprofit Corporation Act.
History: 1953 Comp., 51-14-112, enacted by Laws 1975, ch. 217, 70; 1983, ch. 304, 15.
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