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

Section 53-18-12 - Reservation of power.

53-18-12. Reservation of power.

The legislature reserves power to amend, repeal or modify all or any part of the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978] at any time and such changes shall be binding upon all corporations subject to the provisions of the Business Corporation Act.