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2017 New Mexico Statutes
Chapter 53 - Corporations
Article 17 - Business Corporations; Foreign Corporations
Section 53-17-8 - Effect of certificate of authority.
Universal Citation: NM Stat § 53-17-8 (2017)
53-17-8. Effect of [certificate of] authority.
Unless the commission [secretary of state] disapproves pursuant to Subsection A of Section 53-18-2 NMSA 1978, upon delivery of the application for a certificate of authority to the commission [secretary of state], the corporation shall be authorized to transact business in this state for those purposes set forth in its application, subject, however, to the right of this state to suspend or revoke the authority as provided in the Business Corporation Act.
History: 1953 Comp., 51-30-7, enacted by Laws 1967, ch. 81, 109; 1983, ch. 304, 66.
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