New Mexico §53-8-1

Short title

Statute:
New Mexico §53-8-1 · Article NP (New Mexico Nonprofit Corporation Act (NMSA Chapter 53 Article 8))
Topic:
General · Naming
Applies to:
Nonprofit associations

Names Chapter 53 Article 8 the Nonprofit Corporation Act. An incorporated New Mexico HOA or condo association that is a nonprofit lives here for corporate mechanics. The Homeowner Association Act points here at §47-16-7(D)(2). This pack is a fill-in, not the entire Act. Nothing in New Mexico law requires a community association to be a nonprofit corporation.

short title; nonprofit corporation act; 53-8

📄 Read the official text at nmonesource.com →

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Frequently asked

What does New Mexico §53-8-1 require?
Names Chapter 53 Article 8 the Nonprofit Corporation Act. An incorporated New Mexico HOA or condo association that is a nonprofit lives here for corporate mechanics. The Homeowner Association Act points here at §47-16-7(D)(2).
Who does New Mexico §53-8-1 apply to?
New Mexico §53-8-1 applies to Nonprofit associations in New Mexico.
What happens if our nonprofit corporation doesn't comply with §53-8-1?
Non-compliance can expose the association and individual directors to disputes in the governing forum for New Mexico community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
Where can I read the official text of New Mexico §53-8-1?
The official text is published by the New Mexico Legislature at nmonesource.com. The summary on this page is for plain-English reference only and is not legal advice.
How does SoShiny help with Short title?
SoShiny is built around the Florida statutes from day one — every feature is included on every plan, with no add-ons or per-document fees. Start your community free and run it the way the statutes expect. Learn more →

Not legal advice. This page is a plain-English summary of New Mexico §53-8-1 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New Mexico-licensed attorney. For the official statutory text, see the link above.

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