Liability
- Statute:
- New Mexico §53-8-25 · Article NP (New Mexico Nonprofit Corporation Act (NMSA Chapter 53 Article 8))
- Topic:
- Insurance & Liability · No personal liability
- Applies to:
- Nonprofit associations
Directors, officers, employees, and members are not personally liable for the corporation's obligations. Assessment liability, if it exists, comes from the recorded declaration and (for condos) from §47-7C-16 — not from mere membership in the nonprofit.
📄 Read the official text at nmonesource.com →
How SoShiny helps with Liability
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does New Mexico §53-8-25 require?
- Directors, officers, employees, and members are not personally liable for the corporation's obligations. Assessment liability, if it exists, comes from the recorded declaration and (for condos) from §47-7C-16 — not from mere membership in the nonprofit.
- Who does New Mexico §53-8-25 apply to?
- New Mexico §53-8-25 applies to Nonprofit associations in New Mexico.
- What happens if our nonprofit corporation doesn't comply with §53-8-25?
- 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 §53-8-25?
- 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 Liability?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of New Mexico §53-8-25 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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