State Codes and Statutes
Statutes > New-mexico > Chapter-53 > Article-19 > Section-53-19-1853-19-18. Indemnification of members and managers.
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.
