Prior to the establishment of the State Corporation Commission, the Secretary of the Territory of New Mexico was responsible for monitoring and regulating corporations in New Mexico. The State Corporation Commission was established by the New Mexico State Constitution in 1912 (N.M. State Constitution, Art. 11, Sec. 1). The State Corporation Commission is composed of three commissioners, each elected to staggered six-year terms. As of 1997, the State Corporation Commission consisted of seven major areas: Administration, Corporations, State Fire Marshal's Office, Department of Insurance, Transportation Division, Pipeline Safety Division and Telecommunications Division. The Commission's purpose is to monitor and regulate corporations, including insurance and transportation companies; issue charters and licenses for domestic and foreign corporations; and collect fees and taxes from corporations in New Mexico.
From the description of New Mexico State Corporation Commission records, 1870-[ongoing]. (Santa Fe Public Library). WorldCat record id: 37786731
