New Mexico Statutes
§ 63-1-13 — [Election and term of directors.]
The directors named in the articles of incorporation shall hold their offices for one year from and after the date of the filing of said articles as provided in Section 63-1-6 NMSA 1978, or until their successors are elected and qualified; thereafter, directors must be elected annually by the stockholders at such time as may be provided in the bylaws of the corporation: provided, that, if no time be fixed in the bylaws, such elections shall be had on the first Wednesday in July of each year.
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Legislative History
Laws 1878, ch. 1, ch. [tit.] 3, § 2; C.L. 1884, § 2634; C.L. 1897, § 3816; Code
Nearby Sections
15
§ 63-1-1
[Formation of corporations.]§ 63-1-10
[Contents of bylaws.]§ 63-1-13
[Election and term of directors.]§ 63-1-2
[Articles of incorporation.]