New Mexico § 7-1-80 - Dissolution or withdrawal of corporation
Full text of New Mexico New Mexico Statutes Annotated § 7-1-80 — Dissolution or withdrawal of corporation, with citation guidance and answers to common questions.
§ 7-1-80. Dissolution or withdrawal of corporation
The secretary of state shall not issue any certificate of dissolution to any taxpayer
or allow any corporate taxpayer to withdraw from the state until: A. the taxpayer files with the secretary of state a certificate signed by the secretary
of taxation and revenue or the secretary of taxation and revenue's delegate stating
that as of a certain date the taxpayer is not liable for any tax and containing a
statement verified by a responsible official of the corporation to the effect that
the taxpayer has not engaged in business after the date above specified. If the taxpayer has so engaged in business, any certificate of dissolution or withdrawal
shall be of no effect and all liabilities of the corporation shall continue as if
no certificate had been granted; B. a successor, acceptable to the secretary of taxation and revenue or the secretary's
delegate, to any corporation requesting dissolution or withdrawal enters into a binding
agreement by provision of which the successor assumes full liability for payment of
all taxes due or expected to become due from the corporation and certification thereof
is given by the secretary of taxation and revenue or the secretary's delegate; or C. satisfactory security for payment of the taxes due or expected to become due from
the corporation is furnished in accordance with the provisions of Section 7-1-54 NMSA 1978 and certification thereof is given by the secretary of taxation and revenue or the
secretary's delegate.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-80
What does New Mexico Statutes Annotated § 7-1-80 cover?
Section 7-1-80 ("Dissolution or withdrawal of corporation") 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 § 7-1-80?
A common citation format is "New Mexico Statutes Annotated § 7-1-80" (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 § 7-1-80 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.