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2017 New Mexico Statutes
Chapter 53 - Corporations
Article 4 - Cooperative Associations
Section 53-4-23 - Eligibility and admission to membership.
Universal Citation: NM Stat § 53-4-23 (2017)
53-4-23. Eligibility and admission to membership.
Any natural person, association, incorporated or unincorporated group organized on a cooperative basis, or any nonprofit group shall be eligible for membership in an association if it has met any qualifications for eligibility stated in the articles or by-laws [bylaws], and shall be deemed a member upon payment in full for the minimum amount of share or membership capital stated in the articles as necessary to qualify for membership.
History: Laws 1939, ch. 164, 23; 1941 Comp., 54-1423; 1953 Comp., 51-15-23.
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