N.M. Stat. § 53-19-18

Indemnification of members and managers.

Last amended: 1993Year: 2026Length: 60 wordsOfficial source
The articles of organization or an operating agreement may provide for indemnification of a member or manager for judgments, settlements, penalties, fines or expenses incurred in a proceeding to which a person is a party because he is or was a member or manager and for advancement of expenses, including costs of defense, prior to final disposition of such proceeding.
N.M. Stat. § 53-19-18: Indemnification of members and managers. | Justis AI