Chapter 53 — Chapter 53
494 sections in this chapter.
NMSA 1978, § 53-7-20 Repealed
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History: Laws 1983, ch. 312, § 3; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-21 Repealed
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History: Laws 1983, ch. 312, § 4; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-22 Repealed
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History: Laws 1983, ch. 312, § 5; 1991, ch. 21, § 37; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-23 Repealed
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History: Laws 1983, ch. 312, § 6; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-24 Repealed
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History: Laws 1983, ch. 312, § 7; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-25 Repealed
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History: Laws 1983, ch. 312, § 8; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-26 Repealed
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History: Laws 1983, ch. 312, § 9; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-27 Repealed
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History: Laws 1983, ch. 312, § 10; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-28 Repealed
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History: Laws 1988, ch. 30, § 1; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-29 Repealed
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History: Laws 1983, ch. 312, § 12; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-30 Repealed
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History: Laws 1983, ch. 312, § 13; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-31 Repealed
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History: Laws 1983, ch. 312, § 14; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-32 Repealed
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History: Laws 1983, ch. 312, § 15; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-33 Repealed
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History: Laws 1983, ch. 312, § 16; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-34 Repealed
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History: Laws 1983, ch. 312, § 17; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-35 Repealed
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History: Laws 1983, ch. 312, § 18; 2001, ch. 200, § 34; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-36 Repealed
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History: Laws 1983, ch. 312, § 19; 2001, ch. 200, § 35; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-37 Repealed
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History: Laws 1983, ch. 312, § 20; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-38 Repealed
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History: Laws 1983, ch. 312, § 21; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-39 Repealed
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History: Laws 1983, ch. 312, § 22; 2001, ch. 200, § 36; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-40 Repealed
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History: Laws 1983, ch. 312, § 23; 1988, ch. 30, § 2; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-41 Repealed
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History: Laws 1983, ch. 312, § 24; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-42 Repealed
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History: Laws 1983, ch. 312, § 25; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-43 Repealed
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History: Laws 1983, ch. 312, § 26; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-44 Repealed
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History: Laws 1983, ch. 312, § 27; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-45 Repealed
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History: Laws 1983, ch. 312, § 28; 1988, ch. 9, § 1; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7-46 Repealed
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History: Laws 1983, ch. 312, § 29; 1989, ch. 324, § 30; repealed Laws 2005, ch. 184, § 2.
NMSA 1978, § 53-7A-1 Short title
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This act [53-7A-1 to 53-7A-6] may be cited as the "Economic Development Corporation Act". History: Laws 2003, ch. 183, § 1.
NMSA 1978, § 53-7A-2 Purposes
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The purposes of the Economic Development Corporation Act are to: A. promote, stimulate, develop and advance business, prosperity, employment and economic welfare in the state and among its citizens; B. encourage and assist the location of new business and industry in this state a…
NMSA 1978, § 53-7A-3 Corporation authorized; board of directors; organization;
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limitation of liability. A. A nonprofit organization to provide economic development services to the state is authorized to be organized and formed under the provisions of the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978] and the Economic Development Corporation Act…
NMSA 1978, § 53-7A-4 Corporation; powers
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The corporation shall have the powers conferred upon domestic nonprofit corporations by the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978] unless otherwise specified in the Economic Development Corporation Act and shall also have the power to: A. sue and be sued in i…
NMSA 1978, § 53-7A-5 Corporation; duties
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Pursuant to policies established by its board of directors and as directed by its president, the corporation shall: A. establish relationships with communities throughout New Mexico in order to understand their economic development goals; B. work for those communities in recruiti…
NMSA 1978, § 53-7A-6 Application of other laws
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A. The corporation formed pursuant to the Economic Development Corporation Act is separate and apart from the state and shall not be deemed an agency, public body or other political subdivision of New Mexico for purposes of applying laws relating to personnel, procurement of good…
NMSA 1978, § 53-7B-1 Short title
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Sections 1 through 10 [53-7B-1 to 53-7B-10 NMSA 1978] of this act may be cited as the "New Mexico Research Applications Act". History: Laws 2009, ch. 66, § 1.
NMSA 1978, § 53-7B-10 Transfer of technology; ownership of intellectual
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property. A. Notwithstanding the provisions of Section 9 [53-7B-9 NMSA 1978] of the New Mexico Research Applications Act, Section 10-16-7, 13-1-190, 21-1-17 or 21-1-35 NMSA 1978 or of any other statute, ordinance or policy regulating the conduct of public employees, an officer or…
NMSA 1978, § 53-7B-2 Purposes
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The purposes of the New Mexico Research Applications Act are to: A. promote the public welfare and prosperity of the people of New Mexico; B. foster economic development in the area of intellectual property within New Mexico; C. attract investments that will drive technological i…
NMSA 1978, § 53-7B-3 Definitions
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As used in the New Mexico Research Applications Act: A. "board" means the board of directors of the research applications center; B. "department" means the economic development department; C. "research applications center" means the nonprofit corporation created pursuant to the N…
NMSA 1978, § 53-7B-4 Research applications center; formation; board of
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directors; public access to meetings and minutes. A. The department shall, pursuant to the Nonprofit Corporation Act [Chapter 53, Article 8 NMSA 1978] and internal revenue service regulations pertaining to nonprofit corporations, incorporate a corporation with the name "New Mexic…
NMSA 1978, § 53-7B-5 Research applications center; powers
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As directed by the board, the research applications center may: A. acquire, by lease or purchase, the land, buildings, facilities, improvements and equipment necessary to achieve the purposes of the New Mexico Research Applications Act; B. lease to any person any part or all of t…
NMSA 1978, § 53-7B-6 Applicability of other laws
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A. Except as otherwise provided in the New Mexico Research Applications Act, the research applications center shall not be deemed to be the state, or one of its agencies, instrumentalities, institutions or political subdivisions for the purpose of applying any other laws, includi…
NMSA 1978, § 53-7B-7 Annual audit and report
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A. The board shall contract annually with an independent certified public accountant, approved by the state auditor, to perform an examination and audit of the accounts and books of the research applications center, including its receipts, disbursements, contracts, leases, sinkin…
NMSA 1978, § 53-7B-8 Conflicts of interest
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A. If any director, officer or employee of the research applications center is interested directly or indirectly or is an officer or employee of or has any ownership interest in a legal entity interested directly or indirectly in a contract or potential contract with the research…
NMSA 1978, § 53-7B-9 Contracts involving public employees
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Except as provided in Section 10 of the New Mexico Research Applications Act, the research applications center shall not enter into any contract involving services or property of a value in excess of twenty thousand dollars ($20,000) with an employee of the state or one of its ag…
NMSA 1978, § 53-8-1 Short title
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Chapter 53, Article 8 NMSA 1978 may be cited as the "Nonprofit Corporation Act". History: 1953 Comp., § 51-14-43, enacted by Laws 1975, ch. 217, § 1; 1977, ch. 178, § 1; 1998, ch. 108, § 25.
NMSA 1978, § 53-8-10 Service of process on corporation
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The registered agent appointed by a corporation shall be an agent of the corporation upon whom any process, notice or demand required or permitted by law to be served upon the corporation may be served. Nothing in this section limits or affects the right to serve any process, not…
NMSA 1978, § 53-8-11 Members
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A corporation may have one or more classes of members or may have no members. If the corporation has one or more classes of members, the designation of such class or classes, the manner of election or appointment and the qualifications and rights of the members of each class shal…
NMSA 1978, § 53-8-12 Bylaws
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A. The initial bylaws of a corporation shall be adopted by its board of directors. The power to alter, amend or repeal the bylaws or adopt new bylaws shall be vested in the board of directors unless otherwise provided in the articles of incorporation or the bylaws. The bylaws may…
NMSA 1978, § 53-8-13 Meetings of members
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A. Meetings of members shall be held at such place, either within or without New Mexico as may be provided in the bylaws. In the absence of any such provision, all meetings shall be held at the registered office of the corporation in New Mexico. B. An annual meeting of the member…
NMSA 1978, § 53-8-14 Notice of members' meetings; waiver
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A. Unless otherwise provided in the articles of incorporation or the bylaws, written notice stating the place, day and hour of the meeting and, in case of a special meeting, the purpose or purposes for which the meeting is called, shall be delivered not less than ten nor more tha…
NMSA 1978, § 53-8-15 Voting
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A. The right of the members, or any class or classes of members, to vote may be limited, enlarged or denied to the extent specified in the articles of incorporation or the bylaws. Unless so limited, enlarged or denied, each member, regardless of class, shall be entitled to one vo…