{"data":{"id":"us-nm/62-2-11","jurisdiction":"us-nm","citation":"62-2-11","heading":"[Increase or decrease of capital stock.]","body":"The capital stock of any such corporation may be increased or diminished at any meeting of the stockholders, but may only be done by a two-thirds vote of all the shares of stock, but in no case shall the capital stock be reduced below the outstanding indebtedness and liabilities of the corporation.","path":["Chapter 62 - Electric, Gas and Water Utilities","ARTICLE 2 Incorporation and Powers of Waterworks"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18565/index.do","current_through":"2026-05-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"5f9e4b468b8d97f020e01cd393043b1264e14557b92531ad5b480ff5627fab42","source_id":"us-nm","stale":false,"prev":"us-nm/62-2-10","next":"us-nm/62-2-12"},"notice":"GroundRules: Original legal text. Not legal advice."}