New Mexico Statutes
§ 53-8-24 — Removal of officers
New Mexico § 53-8-24
This text of New Mexico § 53-8-24 (Removal of officers) 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. § 53-8-24 (2026).
Text
Any officer elected or appointed may be removed by the persons authorized to elect or appoint the officer whenever, in their judgment, the best interest of the corporation will be served thereby. The removal of an officer shall be without prejudice to the contract rights, if any, of the officer so removed. Election or appointment of an officer or agent shall not of itself create contract rights.
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Legislative History
1953 Comp., § 51-14-66, enacted by Laws 1975, ch. 217, § 24.
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 § 53-8-24, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-8-24.