N.M. Stat. § 53-8-29

Current through 2024, ch. 69

Section 53-8-29 - Loans to directors and officers

Any director or officer who assents to or participates in the making of any loan to a director or officer shall be personally liable to the corporation for the amount of the loan until the repayment thereof.

NMS § 53-8-29

1953 Comp., § 51-14-71, enacted by Laws 1975, ch. 217, § 29.