Increase or decrease of capital stock — New Mexico Code § 62-2-11
New Mexico Code § 62-2-11 — Increase or decrease of capital stock. Reproduced from the official New Mexico Statutes Annotated, with a citation summary, verification link, and related provisions.
§ 62-2-11. Increase or decrease of capital stock
The capital stock of any such corporation may be increased or diminished at any meeting
of the stockholders, but may only be done by a two-thirds vote of all the shares of
stock, but in no case shall the capital stock be reduced below the outstanding indebtedness
and liabilities of the corporation.
Source: official New Mexico text · Last verified 2026-08-27
At a glance
- Citation: New Mexico Statutes Annotated § 62-2-11
- Jurisdiction: New Mexico
- Code: New Mexico Statutes Annotated
- Subject: Increase or decrease of capital stock
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official New Mexico Statutes Annotated. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed New Mexico attorney.
Common questions
What is the source of New Mexico Statutes Annotated § 62-2-11?
The text above is transcribed from the New Mexico Statutes Annotated, the codified statutes of New Mexico. The official publisher link appears under "Verify the text" on this page.
What subject does New Mexico Statutes Annotated § 62-2-11 address?
It addresses "Increase or decrease of capital stock". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is New Mexico Statutes Annotated § 62-2-11 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official New Mexico source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying New Mexico law to your facts requires a licensed New Mexico attorney who can review the specifics.