N.M. Stat. § 53-18-9 : — CORPORATIONSBUSINESS CORPORATIONS; MISCELLANEOUS PROVISIONS —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.

NMS § 53-18-9

1953 Comp., § 51-31-8, enacted by Laws 1967, ch. 81, § 129.
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