A. An original and a copy, which may be a photocopy of the original after it was signed or a photocopy that is conformed to the original, of the application for withdrawal shall be delivered to the commission [secretary of state]. If the commission [secretary of state] finds that the application conforms to the provisions of the Nonprofit Corporation Act, it shall, when all fees have been paid as prescribed in that act:

non profit

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Terms Used In New Mexico Statutes 53-8-78

  • 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.

(1)     endorse on the original and copy the word “filed” and the month, day and year of the filing thereof;

(2)     file the original in the office of the commission [secretary of state]; and

(3)     issue a certificate of withdrawal to which shall be affixed the copy. B. The certificate of withdrawal, together with the copy of the application for

withdrawal affixed thereto by the commission [secretary of state], shall be returned to the corporation or its representative. Upon the issuance of the certificate of withdrawal, the authority of the corporation to conduct affairs in New Mexico shall cease.

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