N.M. Stat. § 62-2-11
This is the official text of N.M. Stat. § 62-2-11, part of New Mexico’s Stat — part of the compiled statutory law of New Mexico, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 62-2-11. Increase or decrease of capital stock
Official statutory text
The capital stock of any such corporation may be increased or diminished at any meeting of the stockholders, but may only be done by a two-thirds vote of all the shares of stock, but in no case shall the capital stock be reduced below the outstanding indebtedness and liabilities of the corporation.
Status: in_force
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