New Mexico § 62-2-14 - Powers of directors after dissolution
Full text of New Mexico New Mexico Statutes Annotated § 62-2-14 — Powers of directors after dissolution, with citation guidance and answers to common questions.
§ 62-2-14. Powers of directors after dissolution
Upon the dissolution of any corporation, the directors at the time of dissolution
shall be directors and agents of the creditors and stockholders of the corporation
dissolved, and shall have full power to sue for and recover the debts and property
of the corporation, by the name of the directors of such corporation, collect and
pay any outstanding debts, settle its affairs and divide amongst the stockholders
the money and property remaining after the payment of all debts, liabilities and necessary
expenses.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 62-2-14
What does New Mexico Statutes Annotated § 62-2-14 cover?
Section 62-2-14 ("Powers of directors after dissolution") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 62-2-14?
A common citation format is "New Mexico Statutes Annotated § 62-2-14" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 62-2-14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.