All shares sold for assessments, as provided in Section 63-1-19 N.M. Stat. Ann. shall be transferred to the purchaser on the transfer book of the corporation on payment of the assessment and costs.

Terms Used In New Mexico Statutes 63-1-21

  • 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.