New Mexico § 49-5-10 - Meetings of board; quorum; vacancies; expenditures
Full text of New Mexico New Mexico Statutes Annotated § 49-5-10 — Meetings of board; quorum; vacancies; expenditures, with citation guidance and answers to common questions.
§ 49-5-10. Meetings of board; quorum; vacancies; expenditures
That the regular meetings of the board of trustees shall be held on the first Monday
of each alternate month. Special meetings may be held at any time on the call of the president of the board. A majority of the board shall constitute a quorum for the transaction of business,
save as hereinbefore provided. All vacancies in the board shall be filled by the remaining qualified members thereof,
the persons appointed to fill such vacancies to hold their offices until the election
and qualification of their successors. All expenses for holding elections under the provisions of this article, and all
expenses necessary and proper incurred in the exercise of the powers herein conferred
may be paid by the board of trustees out of the funds belonging to the corporation.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 49-5-10
What does New Mexico Statutes Annotated § 49-5-10 cover?
Section 49-5-10 ("Meetings of board; quorum; vacancies; expenditures") 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 § 49-5-10?
A common citation format is "New Mexico Statutes Annotated § 49-5-10" (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 § 49-5-10 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.