Chapter 53, Article 8 NMSA 1978 may be cited as the "Nonprofit Corporation Act".
History: 1953 Comp., § 51-14-43, enacted by Laws 1975, ch. 217, § 1; 1977, ch. 178, §
1; 1998, ch. 108, § 25.
ANNOTATIONS
Cross references. — For exemption from franchise tax, see 53-8-28 NMSA 1978.
For constitutional provision creating tax exempt property, see N.M. Const., art. VIII, § 3.
For exemptions from income tax, see 7-2-4 NMSA 1978.
The 1998 amendment, effective January 1, 1999, substituted "Chapter 53, Article 8
NMSA 1978" for "Article 14 of Chapter 51, NMSA 1953" at the beginning of the section.
Law reviews. — For article, "The Profitable Nonprofit Corporation: Business Activity
and Tax Exemption Under Section 501(c)(3) of I.R.C.," see 1 N.M.L. Rev. 563 (1971).
For article, "1983 Amendments to the New Mexico Business Corporation Act and
Related Statutes," see 14 N.M.L. Rev. 371 (1984).
For note, "Corporate Law – Formulating and Applying a 'Proper Purpose' Analysis to a
Books and Records Inspection Request – Schein v. N. Rio Arriba Elec. Coop., Inc.," see
28 N.M.L. Rev. 133 (1998).
Am. Jur. 2d, A.L.R. and C.J.S. references. — 15 Am. Jur. 2d Charities § 176; 18 Am.
Jur. 2d Corporations § 32.
7 C.J.S. Associations § 54.
Notes of Decisions
Cited in
4
cases (
1 in the last 5 years), 1995–2023 · leading case:
Saylor v. Valles, 2003-NMCA-037, 63 P.3d 1152.
Saylor v. Valles, 2003-NMCA-037, 63 P.3d 1152.
· cites it 4× “{4} The factual allegations in the complaint are lengthy and complicated. Generally, Plaintiffs complain of Defendants’ actions in opposing development of the center.”
Valles v. Silverman, 2004-NMCA-019, 84 P.3d 1056.
· cites it 2× “, and ten individual property owners then sued Plaintiffs in a nine-count complaint for misuse and violation of the Nonprofit Corporation Act, NMSA 1978, §§ 53-8-1 to -99 (1975, as amended through 1999); misuse and violation of the Albuquerque Neighborhood Association…”
Quintana v. Los Alamos Med. Ctr., Inc., 889 P.2d 1234 (N.M. Ct. App. 1995).
“In 1975, the entire act governing nonprofit corporations was repealed and replaced by a more comprehensive act that is now codified as NMSA 1978, Sections 53-8-1 through -99 (Repl.Pamp.1983 & Cum.”
Castro v. Univ. of N.M. Med. Grp. (N.M. Ct. App. 2023).
· cites it 2× “In her response to Defendant’s motion for summary judgment based on its URPEDA status, Plaintiff admitted that Defendant is a private sector, nonprofit corporation incorporated under URPEDA and the Nonprofit Corporations Act, NMSA 1978, §§ 53-8-1 to -99 (1975, as amended through…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.