New Mexico Statutes 76-12-21. Application of general corporation laws
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The provisions of the general business corporation laws of this state and all powers and rights thereunder shall apply to the associations organized hereunder, except where such provisions are inconsistent with the express provisions of this act N.M. Stat. Ann. § 76-12-1 to 76-12-23.
Terms Used In New Mexico Statutes 76-12-21
- 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.