New Mexico Statutes
§ 53-19-18 — Indemnification of members and managers
New Mexico § 53-19-18
This text of New Mexico § 53-19-18 (Indemnification of members and managers) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 53-19-18 (2026).
Text
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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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
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Bluebook (online)
New Mexico § 53-19-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-19-18.