The members of a credit union shall not be personally or individually liable for the payments of its debts solely by virtue of holding membership. History: Laws 1987, ch. 311, § 25. ANNOTATIONSRepeals and reenactments. — Laws 1987, Chapter 311 repealed 58-11-25 NMSA 1978, as amended by Laws 1975, ch. 344, § 23, relating to conversion, effective June 19, 1987, and enacted the present section. Laws 1997, ch. 195, § 42 repealed Laws 1987, ch. 311, § 68, which had provided for the repeal of this section on July 1, 1997.
New Mexico Legal Code