New Mexico Statutes 57-11-8. [Foreign corporations as violators of act; revocation of license to do business in state.]
Current as of: 2024 | Check for updates
|
Other versions
Every foreign corporation, as well as every foreign association, exercising any of the powers, franchises or functions of a corporation in this state, violating any of the provisions of this act N.M. Stat. Ann. § 57-11-1 to 57-11-13, is hereby denied the right [of] and prohibited from doing any business in this state, and it shall be the duty of the attorney general to enforce this provision by bringing proper proceedings by injunction or otherwise. The secretary of the state shall be authorized to revoke the license of any such corporation or association heretofore authorized by him to do business in this state.
Terms Used In New Mexico Statutes 57-11-8
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.