Section 53-5-4 - Exempt corporations. - New Mexico Statutes

53-5-4. Exempt corporations.

The following corporations shall be exempt from filing a report pursuant to the Corporate Reports Act [Chapter 53, Article 5 NMSA 1978]:   

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.