No. 13269.

632 P.2d 1176 (1981)

96 N.M. 538

AETNA FINANCE COMPANY, Plaintiff-Appellee, v. Menardo A. GUTIERREZ, Defendant, and Patsy G. Gutierrez and Annie Benavidez, Defendants-Appellants.

Supreme Court of New Mexico.

August 26, 1981.

Attorney(s) appearing for the Case

Clark de Schweinitz, Juan R.A. Valenciz, Santa Fe, William S. Keller, Las Vegas, for defendants-appellants.

Glass & Fitzpatrick, Charles N. Glass, Stephen K. Kortemeier, Albuquerque, for plaintiff-appellee.


EASLEY, Chief Justice.

Aetna Finance Company (Aetna) sued the Gutierrezes in Bernalillo County alleging default on a consumer loan contract. The Gutierrezes moved to dismiss claiming improper venue under Section 38-3-1, N.M.S.A. 1978. The court denied the motion and the Gutierrezes appealed. We reverse.

This case presents issues of first impression in New Mexico: (1) whether a foreign corporation, authorized to do business in this state,...

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