Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 18 - Business Corporations; Miscellaneous Provisions, 53-18-1 through 53-18-12. > Section 53-18-1 - Powers of commission.

Section 53-18-1 - Powers of commission.

53-18-1. Powers of commission.

The commission has the power and authority reasonably necessary to enable it to administer the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978] efficiently and to perform the duties therein imposed upon it.