New Mexico § 62-15-26 - Foreign corporations

§ 62-15-26. Foreign corporations

Any corporation organized on a nonprofit or a cooperative basis for the purpose of

supplying electric energy in rural areas and owning and operating electric transmission

or distribution lines in a state adjacent to this state shall be permitted to extend

its lines into and to transact business in this state without complying with any statute

of this state pertaining to the qualification of foreign corporations for the transaction

of business in this state. Any such foreign corporation, as a prerequisite to the extension of its lines into

and the transaction of business in this state, shall, by an instrument executed and

acknowledged in its behalf by its president or vice president under its corporate

seal attested by its secretary, designate the secretary of state as its agent to accept

service of process in its behalf. If any process is served upon the secretary of state, the secretary of state shall

forthwith forward the process by registered mail to the corporation at the address

specified in such instrument. Any such corporation may sue and be sued in the courts of this state to the same

extent that a cooperative may sue or be sued in such courts. Any such foreign corporation may secure its notes, bonds or other evidences of indebtedness

by mortgage, pledge, deed of trust or other encumbrance upon any or all of its then-owned

or after-acquired real or personal property, assets or franchises located or to be

located in this state and upon the revenues and income.