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2020 New Mexico Statutes
Chapter 53 - Corporations
Article 8 - Nonprofit Corporations
Section 53-8-99 - Effect of repeal of prior acts.
Universal Citation:
NM Stat § 53-8-99 (2020)
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The repeal of a prior act by the Nonprofit Corporation Act shall not affect any right accrued or established, or any liability or penalty incurred, under the provisions of such act, prior to the repeal thereof.
History: 1953 Comp., § 51-14-138, enacted by Laws 1975, ch. 217, § 97.
ANNOTATIONSApplicability to prior repeals. — This section by its terms applies only to the repeal of any prior act by the 1975 Nonprofit Corporation Act. The 1975 act did not repeal any provision relating to survival of remedies against dissolved corporations. Quintana v. Los Alamos Med. Ctr., Inc., 1994-NMCA-162, 119 N.M. 312, 889 P.2d 1234.
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