Section 53-19-66.1 – Administrative revocation.
A limited liability company may be revoked by the commission [secretary of state] if: A. the limited liability company has failed for a period of thirty days to appoint and maintain a registered agent as required by the Limited Liability Company Act; or B. the limited liability company has failed for a period of thirty […]
Section 53-19-56 – Action by attorney general.
The attorney general may maintain an action to recover civil penalties and restrain a foreign limited liability company from transacting business in New Mexico in violation of the Limited Liability Company Act. History: Laws 1993, ch. 280, § 56.
Section 53-19-66.2 – Reinstatement following administrative revocation.
A. A limited liability company administratively revoked pursuant to the Limited Liability Company Act may apply to the commission [secretary of state] for reinstatement within two years after the effective date of revocation. The application must: (1) recite the name of the limited liability company and the effective date of its administrative revocation; (2) state […]
Section 53-19-57 – Suits by and against the limited liability company.
Suits may be brought by or against a limited liability company in its own name. History: Laws 1993, ch. 280, § 57.
Section 53-19-67 – Appeal from commission [secretary of state].
If the commission [secretary of state] fails to approve any articles of organization, articles of amendment, articles of merger or consolidation or articles of dissolution or any other document required or permitted by the Limited Liability Company Act to be approved by the commission [secretary of state] before it is filed in its office, it […]
Section 53-19-58 – Authority to sue on behalf of limited liability company.
Except as otherwise provided in the articles of organization or an operating agreement, a suit on behalf of the limited liability company may be brought in the name of the limited liability company by: A. any member of the limited liability company who is authorized to sue by the affirmative vote of members having a […]
Section 53-19-59 – Conversions and mergers; definitions.
As used in Sections 53-19-59 through 53-19-62.3 NMSA 1978: A. “corporation” means an organization incorporated under the laws of New Mexico or a foreign corporation; B. “general partner” means a partner in a partnership and a general partner in a limited partnership; C. “limited partner” means a limited partner in a limited partnership; D. “limited […]
Section 53-19-60 – Conversions and mergers; conversion of corporation, partnership or limited partnership to limited liability company.
A. A corporation, partnership or limited partnership may be converted to a limited liability company pursuant to this section. B. The terms and conditions of a conversion of a corporation, partnership or limited partnership to a limited liability company shall be approved in the manner specifically provided for by the document, instrument, agreement or other […]
Section 53-19-60.1 – Conversions and mergers; conversion of limited liability company to corporation, partnership or limited partnership.
A. A limited liability company may be converted to a corporation, partnership or limited partnership pursuant to this section. B. The terms and conditions of a conversion of a limited liability company to a corporation, partnership or limited partnership shall be approved by the number or percentage of the members or managers specifically required for […]
Section 53-19-61 – Conversions and mergers; effect of conversion.
A. A corporation, partnership, limited liability company or limited partnership that has been converted pursuant to Section 53-19-60 or 53-19-60.1 NMSA 1978 is for all purposes the same entity that existed before the conversion. B. When a conversion takes effect: (1) all property owned by the converting entity is vested in the converted entity; (2) […]