New Mexico § 53-4-9 Contents of by-laws [bylaws]

New Mexico Statutes

§ 53-4-9 — Contents of by-laws [bylaws]

New Mexico § 53-4-9

Ch. 53Corporations

Art. 4Cooperative Associations

This text of New Mexico § 53-4-9 (Contents of by-laws [bylaws]) 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. § 53-4-9 (2026).

Text

The by-laws [bylaws] may, within the limitations set forth herein provide for: A. the method and terms of admission to membership and the disposal of members' interests on cessation of membership for any reason; B. the time, place and manner of calling and conducting meetings; C. the number or percentage of the members constituting a quorum; D. the number, qualifications, powers, duties, term of office, and manner, time and vote for election, of directors and officers; and the classification, if any, of directors; E. the compensation, if any, of the directors, and the number of directors necessary to constitute a quorum; F. the method of distributing the net savings; G. the various discretionary provisions herein as well as other provisions incident to the purposes and activities of the as

Free access — add to your briefcase to read the full text and ask questions with AI

The by-laws [bylaws] may, within the limitations set forth herein provide for: A. the method and terms of admission to membership and the disposal of members' interests on cessation of membership for any reason; B. the time, place and manner of calling and conducting meetings; C. the number or percentage of the members constituting a quorum; D. the number, qualifications, powers, duties, term of office, and manner, time and vote for election, of directors and officers; and the classification, if any, of directors; E. the compensation, if any, of the directors, and the number of directors necessary to constitute a quorum; F. the method of distributing the net savings; G. the various discretionary provisions herein as well as other provisions incident to the purposes and activities of the association.