{"data":{"id":"us-nm/53-11-3","jurisdiction":"us-nm","citation":"53-11-3","heading":"Purposes.","body":"Corporations may be organized under the Business Corporation Act for any lawful purpose or purposes, except banking, insurance, credit unions, savings and loan associations, railroads and waterworks organized under the Laws of 1887, Chapter 12.","path":["Chapter 53 - Corporations","ARTICLE 11 Business Corporations; Substantive Provisions"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"5b1e393edca3aad202850ec5262a7a180eb673c21c276533ead8bd145b90c61a","source_id":"us-nm","stale":false,"prev":"us-nm/53-11-2","next":"us-nm/53-11-4"},"notice":"GroundRules: Original legal text. Not legal advice."}