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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-1-80

Dissolution or withdrawal of corporation

Official textnmonesource.comlast amended

The secretary of state shall not issue any certificate of dissolution to any taxpayer or allow any corporate taxpayer to withdraw from the state until:

# A.

the taxpayer files with the secretary of state a certificate signed by the secretary of taxation and revenue or the secretary of taxation and revenue's delegate stating that as of a certain date the taxpayer is not liable for any tax and containing a statement verified by a responsible official of the corporation to the effect that the taxpayer has not engaged in business after the date above specified. If the taxpayer has so engaged in business, any certificate of dissolution or withdrawal shall be of no effect and all liabilities of the corporation shall continue as if no certificate had been granted;

# B.

a successor, acceptable to the secretary of taxation and revenue or the secretary's delegate, to any corporation requesting dissolution or withdrawal enters into a binding agreement by provision of which the successor assumes full liability for payment of all taxes due or expected to become due from the corporation and certification thereof is given by the secretary of taxation and revenue or the secretary's delegate; or

# C.

satisfactory security for payment of the taxes due or expected to become due from the corporation is furnished in accordance with the provisions of Section 7-1-54 NMSA 1978 and certification thereof is given by the secretary of taxation and revenue or the secretary's delegate.

Amendment history

1953 Comp., § 72-13-92, enacted by Laws 1965, ch. 248, § 83; 1979, ch. 144, § 65; 1985, ch. 65, § 20; 1993, ch. 30, § 11; 2013, ch. 75, § 8.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (40 sections)
  1. 7-1-53 · Enjoining delinquent taxpayer from continuing in business
  2. 7-1-54 · Security for payment of tax
  3. 7-1-55 · Contractor's bond for gross receipts; tax; penalty
  4. 7-1-56 · Sale of or proceedings against security
  5. 7-1-57 · Surety bonds
  6. 7-1-58 · Permanence of tax debt; civil actions to collect tax
  7. 7-1-59 · Jeopardy assessments
  8. 7-1-60 · Estoppel against state
  9. 7-1-61 · Duty of successor in business
  10. 7-1-62 · Duty of secretary; release of successor
  11. 7-1-63 · Assessment of tax due; application of payment
  12. 7-1-64 · Repealed
  13. 7-1-65 · Reciprocal enforcement of tax judgments
  14. 7-1-66 · 7-1-66
  15. 7-1-67 · Interest on deficiencies
  16. 7-1-67.1 · Repealed
  17. 7-1-68 · Interest on overpayments
  18. 7-1-69 · Civil penalty for failure to pay tax or file a return
  19. 7-1-69.1 · Civil penalty for failure to file an information return
  20. 7-1-69.2 · Civil penalty for failure to correctly file certain…
  21. 7-1-70 · Civil penalty for bad checks
  22. 7-1-71 · Civil penalty for failure to collect and pay over tax
  23. 7-1-71.1 · Tax return preparers; requirements; penalties
  24. 7-1-71.2 · Repealed
  25. 7-1-71.3 · Willful failure to collect and pay over taxes
  26. 7-1-71.4 · Tax return preparer; electronic filing requirement; penalty
  27. 7-1-72 · Attempts to evade or defeat tax
  28. 7-1-72.1 · 7-1-72.1
  29. 7-1-73 · Tax fraud
  30. 7-1-74 · 7-1-74
  31. 7-1-75 · Assault and battery of a department employee
  32. 7-1-76 · Revealing information concerning taxpayers
  33. 7-1-77 · 7-1-77
  34. 7-1-78 · Burden of proof in fraud cases
  35. 7-1-79 · Enforcement officials
  36. 7-1-80 · Dissolution or withdrawal of corporation
  37. 7-1-81 · Repealed
  38. 7-1-82 · 7-1-82
  39. 7-1-83 · 7-1-83
  40. 7-1-84 · Tax expenditure budget
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