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Section 53-8-1 - Short title.

NM Stat § 53-8-1 (2019) (N/A)
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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.

Cross 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.

7 C.J.S. Associations § 54.

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Section 53-8-2 - Definitions.