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NEW MEXICO STATUTES AND CODES

Section 53-16-13 - Involuntary dissolution.

53-16-13. Involuntary dissolution.

A corporation may be dissolved involuntarily by a decree of the district court of Santa Fe county in an action filed by the attorney general when it is established that the corporation:   

A.     procured its articles of incorporation through fraud; or   

B.     has continued to exceed or abuse the authority conferred upon it by law.   

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