Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 18 - Business Corporations; Miscellaneous Provisions, 53-18-1 through 53-18-12. > Section 53-18-9 - Unauthorized assumption of corporate powers.

Section 53-18-9 - Unauthorized assumption of corporate powers.

53-18-9. Unauthorized assumption of corporate powers.

All persons who assume to act as a corporation without authority to do so are jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.