Legal Question in Real Estate Law in New Mexico
I own a 40 year old New Mexico Corporation which only asset is the House I live in.
The Corporation Commission in Santa Fe is threatening to cancel the Corporation.
Will that cancellation effect my ownership of my home?
I am an 86 year old Disabled WWll Veteran
Asked on 11/28/10, 11:33 am
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Sure. Your home will be owned by an entity which no longer exists. Why not file the report and pay the annual license fee and keep the corporation going? That would solve your problems. The other alternative is to deed the property from the corporation to yourself before the state deactivates it.
Answered on 12/04/10, 3:19 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
