Home/New Mexico/Statutes/Ch. 53: Corporations/Art. 4: Cooperative Associations/§ 53-4-22
New Mexico Statutes

§ 53-4-22 — Limitations on interest-dividends

New Mexico § 53-4-22
JurisdictionNew Mexico
Ch. 53Corporations
Art. 4Cooperative Associations

This text of New Mexico § 53-4-22 (Limitations on interest-dividends) 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. § 53-4-22 (2026).

Text

Interest-dividends shall not exceed fifteen percent per year and shall be noncumulative. Total interest-dividends distributed for any single period shall not exceed fifty percent of the net savings for that period.

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Legislative History

Laws 1939, ch. 164, § 22; 1941 Comp., § 54-1422; 1953 Comp., § 51-15-22;

Nearby Sections

15
§ 53-10-1
[Purpose of organization; filing statement, articles of
§ 53-10-2
[Property holdings; effect of member's death on
§ 53-10-3
[Mortgage or sale of property; method of conveyance.]
§ 53-10-4
[Rules and regulations; subjects; effect.]
§ 53-10-5
[Right to sue and be sued; actions against members.]
§ 53-10-6
Suits against or by unincorporated associations; recovery
§ 53-10-7
[Maximum term of existence; dissolution; distribution of
§ 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
§ 53-11-12
Failure to appoint and maintain registered agent; penalty;
§ 53-11-13
Change of registered office or registered agent
§ 53-11-14
Service of process on corporation
§ 53-11-15
Authorized shares
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Bluebook (online)
New Mexico § 53-4-22, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-4-22.