Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 8 - Nonprofit Corporations, 53-8-1 through 53-8-99. > Section 53-8-98 - Unauthorized assumption of corporate powers.

Section 53-8-98 - Unauthorized assumption of corporate powers.

53-8-98. Unauthorized assumption of corporate powers.

All persons who assume to act as a corporation without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.