2023 New Mexico Statutes > Chapter 53 > Article 11 – Business Corporations; Substantive Provisions Current as of: 2023 | Check for updates | Other versions § 53-11-1 Short title § 53-11-2 Definitions § 53-11-3 Purposes § 53-11-4 General powers § 53-11-4.1 Indemnification of directors and officers § 53-11-5 Power of corporation to acquire its own shares § 53-11-6 Defense of ultra vires § 53-11-7 Corporate name § 53-11-8 Reserved name § 53-11-9 Registered name § 53-11-10 Renewal of registered name § 53-11-11 Registered office and registered agent § 53-11-12 Failure to appoint and maintain registered agent; penalty; § 53-11-13 Change of registered office or registered agent § 53-11-14 Service of process on corporation § 53-11-15 Authorized shares § 53-11-15.1 Shares held for account § 53-11-16 Issuance of shares of preferred or special classes in series § 53-11-17 Subscriptions for shares § 53-11-18 Issuance of shares § 53-11-19 Payment for shares § 53-11-20 Stock rights and options § 53-11-22 Expenses of organization, reorganization and financing § 53-11-23 Shares represented by certificates and uncertificated shares § 53-11-24 Fractional shares § 53-11-25 Liability of subscribers and shareholders § 53-11-26 Shareholders’ preemptive rights § 53-11-27 Bylaws § 53-11-28 Meetings of shareholders § 53-11-29 Notice of shareholders’ meetings § 53-11-30 Closing of transfer books and fixing record date § 53-11-31 Voting list § 53-11-32 Quorum of shareholders § 53-11-33 Voting of shares § 53-11-34 Voting trusts and agreements among shareholders § 53-11-35 Board of directors § 53-11-36 Number and election of directors § 53-11-37 Classification of directors § 53-11-38 Vacancies § 53-11-39 Removal of directors § 53-11-40 Quorum of directors § 53-11-40.1 Director conflict of interest § 53-11-41 Executive and other committees § 53-11-42 Place and notice of directors’ meetings; committee meetings § 53-11-43 Action by directors without a meeting § 53-11-44 Distributions to shareholders § 53-11-46 Liability of directors in certain cases § 53-11-47 Provisions relating to actions by shareholders § 53-11-48 Officers § 53-11-49 Removal of officers § 53-11-50 Books and records; financial reports to shareholders; § 53-11-51 Shares held for account Ask a legal question, get an answer ASAP!Click here to chat with a lawyer about your rights.