Section 53-20-7 - Issuance of certificate of authority. - New-mexico Statutes

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Statutes > New-mexico > Chapter-53 > Article-20 > Section-53-20-7

53-20-7. Issuance of certificate of authority.

A. If the public regulation commission finds that the application for a certificate of authority meets the requirements of the Foreign Business Trust Registration Act [53-20-1 to 53-20-17 NMSA 1978] and the requisite fees have been paid, it shall:

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

(2) file in its office the original of the application; and

(3) issue a certificate of authority to transact business in this state to which it shall affix a copy of the application.

B. The certificate of authority, together with a copy of the application affixed to it, shall be returned by the public regulation commission to the business trust or its representative.

State Codes and Statutes

Statutes > New-mexico > Chapter-53 > Article-20 > Section-53-20-7

53-20-7. Issuance of certificate of authority.

A. If the public regulation commission finds that the application for a certificate of authority meets the requirements of the Foreign Business Trust Registration Act [53-20-1 to 53-20-17 NMSA 1978] and the requisite fees have been paid, it shall:

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

(2) file in its office the original of the application; and

(3) issue a certificate of authority to transact business in this state to which it shall affix a copy of the application.

B. The certificate of authority, together with a copy of the application affixed to it, shall be returned by the public regulation commission to the business trust or its representative.

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State Codes and Statutes

Statutes > New-mexico > Chapter-53 > Article-20 > Section-53-20-7

53-20-7. Issuance of certificate of authority.

A. If the public regulation commission finds that the application for a certificate of authority meets the requirements of the Foreign Business Trust Registration Act [53-20-1 to 53-20-17 NMSA 1978] and the requisite fees have been paid, it shall:

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

(2) file in its office the original of the application; and

(3) issue a certificate of authority to transact business in this state to which it shall affix a copy of the application.

B. The certificate of authority, together with a copy of the application affixed to it, shall be returned by the public regulation commission to the business trust or its representative.