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Form a Business

[Quorum in directors' meeting.]

NMSA 1978, § 62-2-7
in effect
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62-2-7. [Quorum in directors' meeting.] A majority of the whole number of directors shall form a board for the transaction of business, and a decision of a majority of the directors assembled as a board shall be valid as a corporate act. Laws 1887, ch. 12, § 6; C.L. 1897, § 473; Code 1915, § 1031; C.S. 1929, § 32-411; 1941 Comp., § 72-207; 1953 Comp., § 68-2-7.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18565/index.do#!b/62-2-7Fetched: 10/20/2026

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