The members of the board of directors of a research park corporation, while acting within the scope of their authority, and any person acting in their behalf, while acting within the scope of the person's authority, shall not be personally liable for the corporation's obligations.
§ 21-28-14 NMSA 1978
Limitation of liability
Known as the University Research Park and Economic Development Act
The act spans §§ 21–21 (25 sections).
Laws 1989, ch. 264, § 14; 1991, ch. 220, § 3.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.