New Mexico Statutes 63-1-20. [Assessment remaining unpaid; requirements for new levy.]
Current as of: 2023 | Check for updates
|
Other versions
No assessment shall be levied while any portion of a previous one remains unpaid, unless:
Terms Used In New Mexico Statutes 63-1-20
- 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.
A. the power of the corporation has been exercised in accordance with the provisions of this chapter, for the purpose of collecting such previous assessment;
B. the collection of the previous assessment has been enjoined; or
C. the assessment falls within the first proviso contained in the preceding section [63-1-19 N.M. Stat. Ann.].