New Mexico Statutes 58-12-14. Applicability of certain laws
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The corporation shall be exempt from all state and local taxation except in respect to any real estate owned and used by it for its corporate purposes.
Terms Used In New Mexico Statutes 58-12-14
- 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.