New Mexico Statutes

§ 62-15-22 — Nonliability of members for debts of cooperative

New Mexico § 62-15-22
JurisdictionNew Mexico
Ch. 62Electric, Gas and Water Utilities
Art. 15Rural Electric Cooperatives

This text of New Mexico § 62-15-22 (Nonliability of members for debts of cooperative) 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. § 62-15-22 (2026).

Text

The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative.

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Legislative History

Laws 1939, ch. 47, § 22; 1941 Comp., § 48-422; 1953 Comp., § 45-4-22.

Nearby Sections

15
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Bluebook (online)
New Mexico § 62-15-22, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/62/62-15-22.