{"data":{"id":"us-nm/53-20-14","jurisdiction":"us-nm","citation":"53-20-14","heading":"Certificate of authority; revocation; causes.","body":"A. The certificate of authority of a foreign business trust to transact business in this state may be revoked by the public regulation commission [secretary of state] pursuant to this section when:\n(1) the foreign business trust has failed to pay any fees prescribed by law when they become due and payable;\n(2) the foreign business trust has failed to appoint and maintain a registered agent in this state;\n(3) the foreign business trust has failed, after change of its registered office or registered agent, to file with the commission [secretary of state] a statement of the change as required by law; or\n(4) a misrepresentation has been made of any material matter in an application, report, affidavit or other document submitted by such foreign business trust pursuant to law.\nB. No certificate of authority of a foreign business trust shall be revoked by the public regulation commission [secretary of state] unless:\n(1) it has given the foreign business trust not less than sixty days' prior notice of revocation by mail addressed to its registered office in this state; and\n(2) the foreign business trust prior to revocation fails to pay fees or taxes owed, file the required statement of change of registered agent or registered office or correct the misrepresentation.","path":["Chapter 53 - Corporations","ARTICLE 20 Foreign Business Trust Administration"],"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":"0b3056003b391b53e3197788e7af2d5e54451a6da30a0e77dcfec80547cc21bf","source_id":"us-nm","stale":false,"prev":"us-nm/53-20-13","next":"us-nm/53-20-15"},"notice":"GroundRules: Original legal text. Not legal advice."}