New Mexico § 49-2-3 - Board of trustees; corporate powers; election
Full text of New Mexico New Mexico Statutes Annotated § 49-2-3 — Board of trustees; corporate powers; election, with citation guidance and answers to common questions.
§ 49-2-3. Board of trustees; corporate powers; election
The corporate powers of such corporation shall be exercised by a board of nine trustees
who are owners and proprietors residing upon such land grant and heads of families. The board of trustees shall be elected by the owners and proprietors on the first
Saturday in December of the year 1919, and upon the same day in every third year thereafter. The nine persons receiving the highest number of votes at the election shall become
the board of trustees and possess the powers provided for in Sections 49-2-1 to 49-2-17 NMSA 1978 , and shall hold their office until the election and qualification of their successors. No trustee shall serve more than two consecutive terms.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 49-2-3
What does New Mexico Statutes Annotated § 49-2-3 cover?
Section 49-2-3 ("Board of trustees; corporate powers; election") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 49-2-3?
A common citation format is "New Mexico Statutes Annotated § 49-2-3" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 49-2-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.