Section 53-8-78 - Filing of application for withdrawal. - New Mexico Statutes

53-8-78. Filing of application for withdrawal.

A.     An original and a copy, which may be a photocopy of the original after it was signed or a photocopy that is conformed to the original, of the application for withdrawal shall be delivered to the commission. If the commission finds that the application conforms to the provisions of the Nonprofit Corporation Act, it shall, when all fees have been paid as prescribed in that act:   

(1)     endorse on the original and copy the word "filed" and the month, day and year of the filing thereof;   

(2)     file the original in the office of the commission; and   

(3)     issue a certificate of withdrawal to which shall be affixed the copy.   

B.     The certificate of withdrawal, together with the copy of the application for withdrawal affixed thereto by the commission, shall be returned to the corporation or its representative. Upon the issuance of the certificate of withdrawal, the authority of the corporation to conduct affairs in New Mexico shall cease.