There is a newer version of the New Mexico Statutes
2015 New Mexico Statutes
Chapter 62 - Electric, Gas and Water Utilities
Section 15 Rural Electric Cooperatives
Section 62-15-22 Nonliability of members for debts of cooperative.
NM Stat § 62-15-22 (2015) What's This?
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.
History: Laws 1939, ch. 47, 22; 1941 Comp., 48-422; 1953 Comp., 45-4-22.
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