For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Withdrawals of capital and distributions in kind

NMSA 1978, § 53-19-25
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
53-19-25. Withdrawals of capital and distributions in kind Except as provided in the articles of organization or an operating agreement: A. unless approved by all members, no member shall have the right to withdraw any part of his contribution to capital; B. a member, regardless of the nature of the member's contribution, has no right to demand and receive any distribution from a limited liability company in any form other than cash; and C. no member may be compelled to accept from a limited liability company a distribution of any asset in kind to the extent that the value of the percentage of the asset distributed to the member exceeds a percentage of the value of that asset which is equal to the percentage in which the member shares in distributions from the limited liability company. Laws 1993, ch. 280, § 25.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do#!b/53-19-25Fetched: 10/20/2026

Starting a business in New Mexico? New Mexico LLC guide: costs and requirements