Chapter 53, Article 8 NMSA 1978 may be cited as the 'Nonprofit Corporation Act'. History: 1953 Comp., § 51-14-43, enacted by Laws 1975, ch. 217, § 1; 1977, ch. 178, § 1; 1998, ch. 108, § 25. ANNOTATIONSCross references. — For exemption from franchise tax, see 53-8-28 NMSA 1978. For constitutional provision creating tax exempt property, see N.M. Const., art. VIII, § 3. For exemptions from income tax, see 7-2-4 NMSA 1978. The 1998 amendment, effective January 1, 1999, substituted 'Chapter 53, Article 8 NMSA 1978' for 'Article 14 of Chapter 51, NMSA 1953' at the beginning of the section. Law reviews. — For article, 'The Profitable Nonprofit Corporation: Business Activity and Tax Exemption Under Section 501(c)(3) of I.R.C.,' see 1 N.M.L. Rev. 563 (1971). For article, '1983 Amendments to the New Mexico Business Corporation Act and Related Statutes,' see 14 N.M.L. Rev. 371 (1984). For note, 'Corporate Law Formulating and Applying a 'Proper Purpose' Analysis to a Books and Records Inspection Request Schein v. N. Rio Arriba Elec. Coop., Inc.,' see 28 N.M.L. Rev. 133 (1998). Am. Jur. 2d, A.L.R. and C.J.S. references. — 15 Am. Jur. 2d Charities § 176; 18 Am. Jur. 2d Corporations § 32. ction Request Schein v. N. Rio Arriba Elec. Coop., Inc.,' see 28 N.M.L. Rev. 133 (1998). Am. Jur. 2d, A.L.R. and C.J.S. references. — 15 Am. Jur. 2d Charities § 176; 18 Am. Jur. 2d Corporations § 32. 7 C.J.S. Associations § 54.
New Mexico Legal Code