Exempt corporations

The following corporations shall be exempt from filing a report pursuant to the Corporate Reports Act: A. state banks or insurance companies incorporated under the laws of New Mexico; B. insurance companies which are incorporated under the laws of the United States, other states or foreign countries, and which are licensed to transact business in the state of New Mexico; C. national banks; and D. nonprofit corporations. History: 1953 Comp., § 51-21-4, enacted by Laws 1959, ch. 181, § 4; 1969, ch. 154, § 1; 1977, ch. 103, § 4.