The members of a credit union shall not be personally or individually liable for the payments of its debts solely by virtue of holding membership.
§ 58-11-25 NMSA 1978
Liability of members
Known as the Credit Union Act
The act spans §§ 58–58 (67 sections).
Laws 1987, ch. 311, § 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.