Requirements For Incorporating A New Mexico Corporation For Profit printable pdf download

Requirements For Incorporating A New Mexico Corporation For Profit

DOMESTIC PROFIT INCORPORATION

STATE CORPORATION COMMISSION

CORPORATION DEPARTMENT

P.O. BOX 1269

SANTA FE, NEW MEXICO 87504-1269

(505) 827-4511

REQUIREMENTS FOR INCORPORATING A NEW MEXICO CORPORATION FOR PROFIT

The following is a schedule of the fees and requirements as per the New Mexico Business Corporation Act.

(53-11-1 to 53-18-12, NMSA 1978):

53-2-1. Schedule of fees. (CHECK PAYABLE TO STATE CORPORATION COMMISSION)

ARTICLES OF INCORPORATION......One dollar ($1.00) for each ONE THOUSAND SHARES of the total

amount of authorized shares but in no case less than $100.00 or more than $1,000.00.

CERTIFIED COPY, Furnishing copies of any document, a fee of one dollar ($1.00) per page, minimum ten dollars

($10.00). In addition, a fee of twenty-five dollars ($25.00) for certification. Normal processing for certification will be

a complete set unless requested differently by requesting party.

53-11-7. PRIVATE REMEDY.

Any person who suffers any loss of money or property as a result of being designated a director of a

corporation without giving his consent may bring an action against the designating corporation to

recover actual damages or one thousand dollars ($1,000.00) whichever is greater.

The court may award attorneys' fees and costs to the party injured as a result of the director designation if

he prevails. The court may award attorneys' fees to the corporation charged if the court finds that the action

brought against the corporation was groundless.

The relief provided in this section is in addition to remedies otherwise available against the same conduct under

the common law or other statutes of this state.

53-11-7. CORPORATE NAME.

Requires that the corporate name shall contain the separate word "corporation", "company", "incorporated", or

"limited" or shall contain a separate abbreviation of one of these words. (NOTE 6)

53-11-36. NUMBER AND ELECTION OF DIRECTORS.

Requires that the number of directors of a domestic profit corporation shall be one or more members. Such persons

shall hold office until the first annual meeting of shareholders, and until their successors have been elected and qualified.

(The business and affairs shall be managed by a board of directors unless the Articles of Incorporation provide that

powers and duties shall be exercised or performed to such extent and by such person or persons provided in the

Articles of Incorporation.) (Note 7)

Requirements For Incorporating A New Mexico Corporation For Profit