New Mexico Statutes 59A-5-28. General corporation statutes inapplicable to foreign insurers
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The general corporation statutes of New Mexico shall not apply to foreign insurers holding certificate of authority to transact insurance in this state.
Terms Used In New Mexico Statutes 59A-5-28
- 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.