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---
type: "Bill"
title: "DISSOLUTION OF BUSINESS ENTITIES"
description: "DISSOLUTION OF BUSINESS ENTITIES"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2019"
identifier: "SB 162"
citation: "New Mexico SB 162 (2019)"
classification: ["bill"]
subjects: ["BUSINESS & INDUSTRY", "STATE AGENCIES & DEPARTMENTS (including reorganization)"]
status: "enacted"
primary_sponsors: ["Sanchez, Clemente"]
version_count: 2
action_count: 10
vote_count: 1
first_action: "2018-12-27"
last_action: "2019-04-03"
source: "openstates"
source_identifier: "ocd-bill/b4deeac8-eb78-46bc-8a89-770140d33c80"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=162&year=19"
source_hash: "a59648a8a19f727b7856375e8fb6ea2685096c6a55fa55d072c311eb7cc71e0d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nm"]
---
# New Mexico SB 162 (2019) — DISSOLUTION OF BUSINESS ENTITIES
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/19%20Regular/final/SB0162.PDF)
2. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/19%20Regular/bills/senate/SB0162.HTML)
## Votes
- senate passage — **390** (pass) · upper
## Sponsors
- Sanchez, Clemente — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2018-12-27** Sent to Senate Pre-file `introduction, referral-committee`
- **2019-01-17** Sent to Senate Corporations and Transportation Committee & Senate Judiciary Committee `introduction, referral-committee`
- **2019-02-14** passed Senate `passage`
- **2019-02-14** Sent to House Commerce & Economic Development Committee & House State Government, Elections & Indian Affairs Committee `introduction, referral-committee`
- **2019-01-31** DO PASS committee report adopted `committee-passage-favorable`
- **2019-02-12** DO PASS committee report adopted `committee-passage-favorable`
- **2019-02-28** DO PASS committee report adopted `committee-passage-favorable`
- **2019-03-08** DO PASS committee report adopted `committee-passage-favorable`
- **2019-03-15** passed House `passage`
- **2019-04-03** Signed `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b4deeac8-eb78-46bc-8a89-770140d33c80`. Confidence: reported (aggregated from official New Mexico legislature records).