The members of the board of directors of a research park corporation, while acting within the scope of their authority, and any person acting in their behalf, while acting within the scope of the person's authority, shall not be personally liable for the corporation's obligations. History: Laws 1989, ch. 264, § 14; 1991, ch. 220, § 3. ANNOTATIONSThe 1991 amendment, effective June 14, 1991, substituted 'personally liable for the corporation's obligations' for 'subject to any personal liability resulting from carrying out the provisions of the University Research Park Act' at the end of the section.
New Mexico Legal Code