Application of general corporation laws.

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The provisions of the general business corporation laws of this state and all powers and rights thereunder shall apply to the associations organized hereunder, except where such provisions are inconsistent with the express provisions of this act [76-12-1 to 76-12-23 NMSA 1978].

History: Laws 1937, ch. 152, § 21; 1941 Comp., § 48-1321; 1953 Comp., § 45-14-21.

ANNOTATIONS

Cross references. — For Business Corporation Act, see Chapter 53, Articles 11 to 18 NMSA 1978 NMSA 1978.

Compiler's notes. — For similar provision in earlier act, see Laws 1925, ch. 99, § 17.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations § 12.


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