The directors, officers, employees and members of the corporation shall not be personally liable for the corporation's obligations. History: 1953 Comp., § 51-14-67, enacted by Laws 1975, ch. 217, § 25. ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 18B Am. Jur. 2d Corporations §§ 1684 to 1720. Personal liability of member of voluntary association not organized for personal profit on contract with third person, 7 A.L.R. 222, 41 A.L.R. 754.
New Mexico Legal Code