Case Law Summaries

New Mexico – Suit by Administratively Dissolved Corporation

New MexicoReynolds v. Landau, No. A-1-CA-37135, decided April 21, 2020. The New Mexico Court of Appeals held that a corporation that had been administratively dissolved ten years before filing a suit to foreclose on a mortgage could maintain the suit. The New Mexico corporation law does not have a time limit in which a dissolved corporation may file a suit on a claim existing before it was dissolved and it is not for the court to second guess the legislature.

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