New Mexico Statutes
§ 53-19-18 — Indemnification of members and managers
The articles of organization or an operating agreement may provide for indemnification of a member or manager for judgments, settlements, penalties, fines or expenses incurred in a proceeding to which a person is a party because he is or was a member or manager and for advancement of expenses, including costs of defense, prior to final disposition of such proceeding.
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New Mexico § 53-19-18 (Indemnification of members and managers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1993, ch. 280, § 18.
Nearby Sections
15
§ 53-10-8
[Construction of act.]§ 53-11-1
Short title§ 53-11-10
Renewal of registered name§ 53-11-11
Registered office and registered agent§ 53-11-14
Service of process on corporation§ 53-11-15
Authorized shares