2016 New Mexico Statutes
Chapter 53 - Corporations
Article 8 - Nonprofit Corporations
Section 53-8-98 - Unauthorized assumption of corporate powers.

NM Stat § 53-8-98 (2016) What's This?

53-8-98. Unauthorized assumption of corporate powers.

All persons who assume to act as a corporation without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.

History: 1953 Comp., 51-14-137, enacted by Laws 1975, ch. 217, 95.

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