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Form a Business

Unauthorized assumption of corporate powers

NMSA 1978, § 53-18-9
in effect
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53-18-9. Unauthorized assumption of corporate powers All persons who assume to act as a corporation without authority to do so are jointly and severally liable for all debts and liabilities incurred or arising as a result thereof. 1953 Comp., § 51-31-8, enacted by Laws 1967, ch. 81, § 129.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do#!b/53-18-9Fetched: 10/20/2026

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