Any association organized under previously existing statutes may elect, by vote of its members as provided in its articles of incorporation and bylaws of [for] the amendment of its articles of incorporation and bylaws to be brought under the provisions of this act [76-12-1 to 76-12-23 NMSA 1978] by complying with the restrictions provided herein. A statement signed and sworn to by its directors to the effect that the corporation or association has decided to adopt the benefits and be bound by the provisions of this act and has duly authorized all changes accordingly shall be filed as required for the filing of an amendment to the articles of incorporation. The same fee shall be paid for such filing as for the filing of an amendment to the articles of incorporation. History: Laws 1937, ch. 152, § 17; 1941 Comp., § 48-1317; 1953 Comp., § 45-14-17. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Cross references. — For amendment of articles of incorporation, see 76-12-9 NMSA 1978. For similar provision in earlier act, see Laws 1925, ch. 99, § 19.
New Mexico Legal Code