LLC Member Books, Records, and Information Demands in New Mexico
At a glance
| Governing law and requester | New Mexico LLC Act; member or representative inspects/copies; member and specified representatives request management information (§ 53-19-19(B)–(C)). |
|---|---|
| Records the LLC keeps | At principal place, with location notice: member/manager list; articles/powers; three recent years of tax and financial records or substitutes; operating agreements; contribution statements unless in articles/agreement; agreement-required writings (§ 53-19-19(A)). |
| Member access without demand | Member or representative may inspect/copy any LLC record on reasonable request; responsible managers or members furnish true/full material information on qualifying request (§ 53-19-19(B)–(C)). |
| Demand and inspection terms | Reasonable request during ordinary business hours for inspection, wherever record is located; management-information request concerns material matters affecting requester as member (§ 53-19-19(B)–(C)). |
| Managers and former members | Deceased member’s personal representative and disabled member’s legal representative may request management information; ceased member loses Act information-demand right (§§ 53-19-19(C), 53-19-38(D)). |
| Response, copies and cost | Inspection/copying during ordinary business hours at member expense; information furnished insofar as circumstances make reasonable (§ 53-19-19(B)–(C)). |
| Confidentiality and agreement | Articles/agreement can require additional writings to be available and assign material management responsibility (§ 53-19-19(A)(6), (C)); § 53-19-19 does not express a confidentiality restriction. |
| Court enforcement | § 53-19-19(B) grants inspection/copying and (C) calls for reasonable furnishing of information; that section states no special petition period or fee rule. |
| Scope and outcome limits | This is statutory record and management-information access under § 53-19-19, subject to reasonable request and member-capacity limits; no individual entitlement or dispute outcome is determined. |
Requirements one by one
Records and their location
N.M. Stat. Ann. § 53-19-19(A) requires the LLC to keep its listed records at its principal place of business and notify all members where that place is. The list covers current and former member and manager names and addresses; articles and related powers of attorney; three recent years of tax returns and financial statements or substitute information if unprepared; current and prior operating agreements; and contribution statements unless those terms already appear in the articles or an operating agreement. The articles or agreement may also require other writings to be available to members.
Inspection and information
A member or representative may inspect and copy any company record wherever located, on reasonable request during ordinary business hours, at the member’s expense (§ 53-19-19(B)). For material matters assigned to a manager or member by the articles or operating agreement, subsection (C) requires that person, on request, to render true and full information to the member or the specified representative so far as circumstances make reasonable. The matter must affect the requester in the capacity of a member.
What trips people up
§ 53-19-38(D) ends a ceased member’s right to demand information under the LLC Act, even though that person may continue to hold an LLC interest. Current and former members both appear on the record list required by § 53-19-19(A)(1); appearing on that list does not preserve the former member’s information-demand right.
Common questions
Must an inspection request be in writing? Section 53-19-19(B) calls for a reasonable request during ordinary business hours; it does not specify a writing or prescribed form. The circumstances still determine whether a request is reasonable.
Can a deceased or disabled member’s representative request management information? Yes. Section 53-19-19(C) expressly names the personal representative of a deceased member and the legal representative of a member under a legal disability, subject to its material-matter and reasonableness limits.
Is there a set number of days to reply? Section 53-19-19(B)–(C) uses reasonable-request and reasonable-circumstances standards without specifying a calendar response period.
Statutes and sources
- N.M. Stat. Ann. § 53-19-19 — records, inspection and management information. Official New Mexico Compilation Commission, Chapter 53, accessed September 26, 2026.
- N.M. Stat. Ann. § 53-19-38(D) — consequences of ceasing to be a member. Official New Mexico Compilation Commission, Chapter 53, accessed September 26, 2026.
Source links
Every statute quoted above, linked, with the date we checked it.
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