New Mexico § 63-1-4 - Subscriptions to capital stock; minimum amount paid in
Full text of New Mexico New Mexico Statutes Annotated § 63-1-4 — Subscriptions to capital stock; minimum amount paid in, with citation guidance and answers to common questions.
§ 63-1-4. Subscriptions to capital stock; minimum amount paid in
The corporators of each intended corporation, before filing articles of incorporation,
must have actually subscribed to the capital stock of the corporation at least one
thousand dollars ($1,000) for each mile of its road and branches, and at least ten
percent thereof must have been paid for the benefit of the corporation, to a treasurer
appointed by the subscribers in its articles of incorporation, or their attorneys-in-fact
as aforesaid.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 63-1-4
What does New Mexico Statutes Annotated § 63-1-4 cover?
Section 63-1-4 ("Subscriptions to capital stock; minimum amount paid in") 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 § 63-1-4?
A common citation format is "New Mexico Statutes Annotated § 63-1-4" (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 § 63-1-4 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.