Liability of directors
- Statute:
- New Mexico §53-8-25.2 · Article NP (New Mexico Nonprofit Corporation Act (NMSA Chapter 53 Article 8))
- Topic:
- Insurance & Liability · Director monetary liability
- Applies to:
- Nonprofit associations
No director is personally liable to the corporation or its members for monetary damages for breach of fiduciary duty as a director unless the director breached §53-8-25.1 and the breach constitutes willful misconduct or recklessness. The shield applies to action (or inaction) at board or committee meetings or by unanimous written consent under §53-8-97.
📄 Read the official text at nmonesource.com →
How SoShiny helps with Liability of directors
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 §53-8-25.2 require?
- No director is personally liable to the corporation or its members for monetary damages for breach of fiduciary duty as a director unless the director breached §53-8-25.1 and the breach constitutes willful misconduct or recklessness. The shield applies to action (or inaction) at board or committee meetings or by unanimous written consent under §53-8-97.
- Who does New Mexico §53-8-25.2 apply to?
- New Mexico §53-8-25.2 applies to Nonprofit associations in New Mexico.
- What happens if our nonprofit corporation doesn't comply with §53-8-25.2?
- 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 §53-8-25.2?
- 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 of directors?
- 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 §53-8-25.2 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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