Statutes > New Mexico Statutes > Chapter 62 - Electric, Gas and Water Utilities. > Article 15 - Rural Electric Cooperatives, 62-15-1 through 62-15-37. > Section 62-15-22 - Nonliability of members for debts of cooperative.

Section 62-15-22 - Nonliability of members for debts of cooperative.

62-15-22. Nonliability of members for debts of cooperative.

The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative.