Section 58-1-50 - Limitation of personal liability.

NM Stat § 58-1-50 (2019) (N/A)
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No officer or employee of the department [financial institutions division of the regulation and licensing department] shall be liable in any civil action for damages for any act done or omitted in good faith in performing the functions of his office.

History: 1953 Comp., § 48-22-39, enacted by Laws 1963, ch. 305, § 39.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 10 Am. Jur. 2d Banks § 424.

Personal liability of members of governmental banking department or their sureties, 38 A.L.R. 663, 90 A.L.R. 1423.