Section 53-4-45 - Taxation

Associations formed under Chapter 53, Article 4 NMSA 1978 and foreign corporations admitted under Section 53-4-41 NMSA 1978 to do business in this state shall pay an annual license fee of twenty dollars ($20.00). History: Laws 1939, ch. 164, § 45; 1941 Comp., § 54-1445; 1953 Comp., § 51-15-45; Laws 1993, ch. 311, § 7. ANNOTATIONSThe 1993 amendment, effective July 1, 1993, substituted 'under Chapter 53, Article 4 NMSA 1978' for 'hereunder', '53-4-41 NMSA 1978' for '41', and 'twenty dollars ($20.00)' for 'five dollars ($5.00)'. Am. Jur. 2d, A.L.R. and C.J.S. references. — 19 Am. Jur. 2d Corporations §§ 2802, 2824, 2839.