How do you Dissolve a New Mexico Corporation?

Answer:
New Mexico Corporations are governed by the state’s

Public Regulations Commission. To dissolve a New Mexico corporation, an Articles of Dissolution with the commission, along with other documents determined by the manner in which the entity is dissolving. New Mexico corporations may be dissolved by consent of shareholders or by an act of the corporation.

To dissolve a New Mexico corporation by shareholder consent the shareholders must execute a written consent. A copy of the written consent must be filed with the state’s Public Regulations Commission, along with a Statement of Intent to Dissolve By Written Consent of Shareholders.

Dissolution by act of the corporation requires that a resolution to dissolve be adopted by the Board of Directors and voted upon by the shareholders. In this case, a Statement of Intent to Dissolve by Act of the Corporation form must be submitted to the New Mexico Public Regulations Commission, along with a Resolution to Dissolve form.

Prior to filing an Articles of Dissolution, the corporation must receive clearance for dissolution from the following state agencies: the Taxation and Revenue Department, the Department of Labor, and the Public Regulation Commission. Clearance forms must be included with the final dissolution application package.

Dissolution forms, filing instructions, and additional details are available at http://www.nmprc.state.nm.us/corporations/pdf/charter/dprdv.pdf .


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