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Form a Business

Loans to directors and officers

NMSA 1978, § 53-8-29
in effect
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53-8-29. Loans to directors and officers Any director or officer who assents to or participates in the making of any loan to a director or officer shall be personally liable to the corporation for the amount of the loan until the repayment thereof. 1953 Comp., § 51-14-71, enacted by Laws 1975, ch. 217, § 29.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do#!b/53-8-29Fetched: 10/20/2026

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