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New Mexico · Through 2025-06-20

53-4-23: Eligibility and admission to membership.

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Where this section sits in the code
  1. Chapter 53 - Corporations
  2. ARTICLE 4 Cooperative Associations

Any natural person, association, incorporated or unincorporated group organized on a cooperative basis, or any nonprofit group shall be eligible for membership in an association if it has met any qualifications for eligibility stated in the articles or by-laws [bylaws], and shall be deemed a member upon payment in full for the minimum amount of share or membership capital stated in the articles as necessary to qualify for membership.

Collected 2026-09-03T15:02:20Z. Source file · JSON

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