New Mexico Statutes 53-18-1. Powers of commission [secretary of state]
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The commission [secretary of state] has the power and authority reasonably necessary to enable it to administer the Business Corporation Act efficiently and to perform the duties therein imposed upon it.
Terms Used In New Mexico Statutes 53-18-1
- 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.