Application of general corporation laws

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.