New Mexico Statutes
§ 53-4-20 — Removal of directors and officers
New Mexico § 53-4-20
This text of New Mexico § 53-4-20 (Removal of directors and officers) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 53-4-20 (2026).
Text
A director or officer may be removed with or without cause, by a vote of two-thirds of the members voting at a regular or special meeting. The director or officer involved shall have an opportunity to be heard at said meeting. A vacancy caused by any such removal shall be filled by the vote provided in the by-laws [bylaws] for election of directors.
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Legislative History
Laws 1939, ch. 164, § 20; 1941 Comp., § 54-1420; 1953 Comp., § 51-15-20.
Nearby Sections
15
§ 53-10-8
[Construction of act.]§ 53-11-1
Short title§ 53-11-10
Renewal of registered name§ 53-11-11
Registered office and registered agent§ 53-11-14
Service of process on corporation§ 53-11-15
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Bluebook (online)
New Mexico § 53-4-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/53/53-4-20.