2019 New Mexico Statutes
Chapter 53 - Corporations
Article 8 - Nonprofit Corporations
Section 53-8-1 - Short title.
Chapter 53, Article 8 NMSA 1978 may be cited as the "Nonprofit Corporation Act".
History: 1953 Comp., § 51-14-43, enacted by Laws 1975, ch. 217, § 1; 1977, ch. 178, § 1; 1998, ch. 108, § 25.
ANNOTATIONSCross references. — For exemption from franchise tax, see 53-8-28 NMSA 1978.
For constitutional provision creating tax exempt property, see N.M. Const., art. VIII, § 3.
For exemptions from income tax, see 7-2-4 NMSA 1978.
The 1998 amendment, effective January 1, 1999, substituted "Chapter 53, Article 8 NMSA 1978" for "Article 14 of Chapter 51, NMSA 1953" at the beginning of the section.
Law reviews. — For article, "The Profitable Nonprofit Corporation: Business Activity and Tax Exemption Under Section 501(c)(3) of I.R.C.," see 1 N.M.L. Rev. 563 (1971).
For article, "1983 Amendments to the New Mexico Business Corporation Act and Related Statutes," see 14 N.M.L. Rev. 371 (1984).
For note, "Corporate Law Formulating and Applying a 'Proper Purpose' Analysis to a Books and Records Inspection Request Schein v. N. Rio Arriba Elec. Coop., Inc.," see 28 N.M.L. Rev. 133 (1998).
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15 Am. Jur. 2d Charities § 176; 18 Am. Jur. 2d Corporations § 32.
7 C.J.S. Associations § 54.
