N.M. Stat. § 62-15-22

Current through 2024, ch. 69

Section 62-15-22 - Nonliability of members for debts of cooperative

The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative.

NMS § 62-15-22

Laws 1939, ch. 47, § 22; 1941 Comp., § 48-422; 1953 Comp., § 45-4-22.