New Mexico § 63-1-28 - Stock shares; nature; transfer; restrictions
Full text of New Mexico New Mexico Statutes Annotated § 63-1-28 — Stock shares; nature; transfer; restrictions, with citation guidance and answers to common questions.
§ 63-1-28. Stock shares; nature; transfer; restrictions
Shares of the capital stock of any railroad corporation shall be personal property,
and may be transferred, by endorsement, by the signature of the proprietor, or his
attorney, or legal representative and delivery of the certificate; but such transfer
shall not be valid, except between the parties thereto, until the same shall have
been entered upon the transfer book of the corporation so as to show the names of
the parties by, and to whom, transferred, the number or designation of the shares
and the date of transfer: provided, no stock shall be transferred upon the transfer
book of the corporation until all previous assessments thereon shall have been fully
paid in, nor shall any such transfer be valid except as between the parties thereto,
unless at least twenty percent shall have been paid thereon, and certificates issued
therefor, and the transfer approved by the board of directors, except by consent of
the board of directors.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 63-1-28
What does New Mexico Statutes Annotated § 63-1-28 cover?
Section 63-1-28 ("Stock shares; nature; transfer; restrictions") 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 § 63-1-28?
A common citation format is "New Mexico Statutes Annotated § 63-1-28" (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 § 63-1-28 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.