Article XI — Corporations Other Than Municipal

6 sections · 0 paragraphs in this article.

6 provisionsFiltered byArt. XI

N.M. Const. art. XI, § 1 Creation and composition of public regulation commission
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A. The "public regulation commission" is created. Until January 1, 2023, the commission shall consist of five members elected from districts provided by law for staggered four-year terms beginning on January 1 of the year following their election; provided that after serving two …
N.M. Const. art. XI, § 2 Responsibilities of Public Regulation Commission
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The public regulation commission shall have responsibility for regulating public utilities, including electric, natural gas and water companies; transportation companies, including common and contract carriers; transmission and pipeline companies, including telephone, telegraph a…
N.M. Const. art. XI, § 13 General Corporation Laws
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The legislature shall provide for the organization of corporations by general law. All laws relating to corporations may be altered, amended or repealed by the legislature, at any time, when necessary for the public good and general welfare, and all corporations, doing business i…
N.M. Const. art. XI, § 18 Eminent Domain of Corporate Property
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The right of eminent domain shall never be so abridged or construed as to prevent the legislature from taking the property and franchises of incorporated companies and subjecting them to the public use, the same as the property of individuals.[1]
N.M. Const. art. XI, § 19 Chartering corporations
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The secretary of state shall have responsibility for chartering corporations in such a manner as the legislature shall provide.[1]
N.M. Const. art. XI, § 20 Creation of office of superintendent of insurance
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A. The office of "superintendent of insurance" is created as of July 1, 2013. The superintendent of insurance shall regulate insurance companies and others engaged in risk assumption in such manner as provided by law. The superintendent of insurance shall be appointed by the insu…