State Codes and Statutes
Statutes > New-mexico > Chapter-53 > Article-11 > Section-53-11-353-11-3. Purposes.
Corporations may be organized under the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978] for any lawful purpose or purposes, except banking, insurance, credit unions, savings and loan associations, railroads and waterworks organized under the Laws of 1887, Chapter 12.