The directors, officers, employees and members of the corporation shall not be personally liable for the corporation's obligations.
§ 53-8-25 NMSA 1978
Liability
Known as the Nonprofit Corporation Act
The act spans §§ 53–53 (106 sections).
1953 Comp., § 51-14-67, enacted by Laws 1975, ch. 217, § 25.
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.