{"data":{"id":"us-nm/53-19-18","jurisdiction":"us-nm","citation":"53-19-18","heading":"Indemnification of members and managers.","body":"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.","path":["Chapter 53 - Corporations","ARTICLE 19 Limited Liability Companies"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"4aa13d84cd88491b33d2ae6ba2418ee8a69ca7e005d0a0774182f116cd1dd4b7","source_id":"us-nm","stale":false,"prev":"us-nm/53-19-17","next":"us-nm/53-19-19"},"notice":"GroundRules: Original legal text. Not legal advice."}