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2017 New Mexico Statutes
Chapter 53 - Corporations
Article 4 - Cooperative Associations
Section 53-4-24 - Subscribers.
Universal Citation: NM Stat § 53-4-24 (2017)
53-4-24. Subscribers.
Any natural person or group eligible for membership and legally obligated to purchase a share or shares of, or membership in, an association shall be deemed a subscriber; the articles or by-laws [bylaws] may determine whether, and the conditions under which, any rights of membership shall be granted to subscribers.
History: Laws 1939, ch. 164, 24; 1941 Comp., 54-1424; 1953 Comp., 51-15-24.
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