{"data":{"id":"us-nm/59a-34-25","jurisdiction":"us-nm","citation":"59A-34-25","heading":"Mutual members, corporate rights.","body":"A. As to management, records and affairs of the insurer a member of a domestic mutual insurer shall have the same character of rights and relationship as a stockholder has toward a domestic stock insurer.\nB. Subsection A above shall not be deemed to:\n(1) subject the mutual insurer to requirements of Sections 560 [59A-34-14 NMSA 1978] (information to stockholders and proxy regulations), 561 [59A-34-15 NMSA 1978] (information in advance of stockholder meetings) or 562 [59A-34-16 NMSA 1978] (solicitation of proxies) of this article; or\n(2) give mutual members the right of dissent and appraisal on any merger, consolidation, bulk reinsurance, or sale of assets of the insurer.","path":["Chapter 59A - Insurance Code","ARTICLE 34 Domestic Stock and Mutual Insurers"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"7d83a216382ebba25f8100c7e8bc17745712334c59e8557eda8c92cd28a32103","source_id":"us-nm","stale":false,"prev":"us-nm/59a-34-24","next":"us-nm/59a-34-26"},"notice":"GroundRules: Original legal text. Not legal advice."}