New Mexico § 52-8-6 - Board powers and duties; liability
Full text of New Mexico New Mexico Statutes Annotated § 52-8-6 — Board powers and duties; liability, with citation guidance and answers to common questions.
§ 52-8-6. Board powers and duties; liability
A. The board may: (1) purchase insurance or reinsurance as is necessary to insure any potential liabilities
to the fund; (2) provide for the imposition of assessments to ensure the financial stability of
the fund; and (3) adopt bylaws and rules necessary to carry out the functions of the commission. B. Except for intentional acts or acts of gross negligence, neither board members
nor general members of the commission shall be liable for their acts or omissions
in the administration of the Self-Insurers' Guarantee Fund Act.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 52-8-6
What does New Mexico Statutes Annotated § 52-8-6 cover?
Section 52-8-6 ("Board powers and duties; liability") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 52-8-6?
A common citation format is "New Mexico Statutes Annotated § 52-8-6" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 52-8-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.