{"data":{"id":"us-nm/53-8-25.2","jurisdiction":"us-nm","citation":"53-8-25.2","heading":"Liability of directors.","body":"No director of the corporation shall be personally liable to the corporation or its members for monetary damages for breach of fiduciary duty as a director unless:\nA. the director has breached or failed to perform the duties of the director's office in compliance with Section 53-8-25.1 NMSA 1978; and\nB. the breach or failure to perform constitutes willful misconduct or recklessness.\nThe provisions of this section shall, however, only eliminate the liability of a director for action taken as a director or any failure to take action as a director at meetings of the board of directors or of a committee of the board of directors or by virtue of action of the directors without a meeting pursuant to Section 53-8-97 NMSA 1978, on or after the date when the provisions of this section become effective.","path":["Chapter 53 - Corporations","ARTICLE 8 Nonprofit Corporations"],"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":"3def88f5f7ac3903e22e160c6cb5a05a2d52dd22204b52bdc5a87c57a013071b","source_id":"us-nm","stale":false,"prev":"us-nm/53-8-25.1","next":"us-nm/53-8-25.3"},"notice":"GroundRules: Original legal text. Not legal advice."}