New Mexico Statutes 57-22-10. Standard of care
Current as of: 2024 | Check for updates
|
Other versions
All officers, directors, managers, trustees, professional fundraisers, professional fundraising counsel or other persons having access to the money of a charitable organization intended for use for charitable purposes shall be held to the standard of care defined for fiduciary trustees under common law.
Terms Used In New Mexico Statutes 57-22-10
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Fiduciary: A trustee, executor, or administrator.