A. Upon revoking a certificate of authority of a foreign business trust, the public regulation commission [secretary of state] shall:
(1) issue a certificate of revocation in duplicate;
(2) file one of the certificates in its office; and
(3) mail to the foreign business trust at its registered office in this state a notice of the revocation accompanied by the other certificate.
B. Upon issuance of the certificate of revocation, the authority of the foreign business trust to transact business in this state ceases.
History: Laws 2001, ch. 200, § 97.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Laws 2013, ch. 75, § 9 provided that as of July 1, 2013, the secretary of state, pursuant to N.M. const., Art. 11, § 19, shall assume responsibility for chartering corporations as provided by law, including the performance of the functions of the former corporations bureau of the public regulation commission, and that except for Subsection D of 53-5-8 NMSA 1978, references to the "public regulation commission", "state corporation commission" or "commission" shall be construed to be references to the secretary of state. See 8-4-7 NMSA 1978.
Effective dates. — Laws 2001, ch. 200, § 101 made the Foreign Business Trust Registration Act effective July 1, 2001.