New Mexico Statutes

§ 63-1-14 — [Ballots; majority required; voting rights.]

New Mexico·Ch. 63 Railroads and Communications·Art. 1 Organization and Management of Railroads
All elections of directors must be by ballot, and a vote of stockholders representing a majority of the subscribed capital stock shall be necessary to a choice. At all such elections, and at all other elections, and at all meetings of stockholders, each stockholder shall be entitled to one vote for each share of the capital stock owned by him.

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Legislative History

Laws 1878, ch. 1, ch. [tit.] 3, § 3; C.L. 1884, § 2635; C.L. 1897, § 3817; Code

Nearby Sections

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