No insurer shall pay any salary, compensation or emolument to any officer or director thereof unless such payment has been duly authorized by the insurer's board of directors. History: Laws 1984, ch. 127, § 555.
New Mexico Legal Code
No insurer shall pay any salary, compensation or emolument to any officer or director thereof unless such payment has been duly authorized by the insurer's board of directors. History: Laws 1984, ch. 127, § 555.