Associations formed under Chapter 53, Article 4 NMSA 1978 and foreign corporations admitted under Section 53-4-41 NMSA 1978 to do business in this state shall pay an annual license fee of twenty dollars ($20.00).
History: Laws 1939, ch. 164, § 45; 1941 Comp., § 54-1445; 1953 Comp., § 51-15-45; Laws 1993, ch. 311, § 7.
The 1993 amendment, effective July 1, 1993, substituted "under Chapter 53, Article 4 NMSA 1978" for "hereunder", "53-4-41 NMSA 1978" for "41", and "twenty dollars ($20.00)" for "five dollars ($5.00)".
Am. Jur. 2d, A.L.R. and C.J.S. references. — 19 Am. Jur. 2d Corporations §§ 2802, 2824, 2839.
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