New Mexico § 53-2-10 Private remedy

New Mexico Statutes

§ 53-2-10 — Private remedy

New Mexico § 53-2-10

Ch. 53Corporations

Art. 2Fees and Miscellaneous Corporation Law

This text of New Mexico § 53-2-10 (Private remedy) 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. § 53-2-10 (2026).

Text

A.Any person who suffers any loss of money or property as a result of being designated a director of a corporation without giving his consent may bring an action against the designating corporation to recover actual damages or one thousand dollars ($1,000), whichever is greater.

B.The court may award attorneys' fees and costs to the party injured as a result of the director designation if he prevails. The court may award attorneys' fees to the corporation charged if the court finds that the action brought against the corporation was groundless.

C.The relief provided in this section is in addition to remedies otherwise available against the same conduct under the common law or other statutes of this state.

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A. Any person who suffers any loss of money or property as a result of being designated a director of a corporation without giving his consent may bring an action against the designating corporation to recover actual damages or one thousand dollars ($1,000), whichever is greater. B. The court may award attorneys' fees and costs to the party injured as a result of the director designation if he prevails. The court may award attorneys' fees to the corporation charged if the court finds that the action brought against the corporation was groundless. C. The relief provided in this section is in addition to remedies otherwise available against the same conduct under the common law or other statutes of this state.