New Mexico § 62-15-12 - Amendment of articles of incorporation

§ 62-15-12. Amendment of articles of incorporation

A. A cooperative may amend its articles of incorporation by complying with the following

requirements: (1) the proposed amendment shall be first approved by the board of trustees and shall

then be submitted to a vote of the members at any annual or special meeting, the notice

of which shall set forth the proposed amendment. The proposed amendment, with such changes as the members shall choose to make, shall

be deemed to be approved on the affirmative vote of not less than two-thirds of those

members voting on the amendment at that meeting; and (2) upon approval by the members, articles of amendment shall be executed and acknowledged

on behalf of the cooperative by its president or vice president, and its corporate

seal shall be affixed thereto and attested by its secretary. The articles of amendment shall recite in the caption that they are executed pursuant

to the Rural Electric Cooperative Act and shall state: (a) the name of the cooperative; (b) the address of its principal office; (c) the date of the filing of its articles of incorporation in the office of the secretary

of state; and (d) the amendment to its articles of incorporation. The president or vice president executing the articles of amendment shall make and

annex thereto an affidavit stating that the provisions of this section were duly complied

with. The articles of amendment and affidavit shall be submitted to the secretary of state

for filing as provided in the Rural Electric Cooperative Act. B. A cooperative may, without amending its articles of incorporation, upon authorization

of its board of trustees, change the location of its principal office by filing a

certificate of change of principal office, executed and acknowledged by its president

or vice president under its seal attested by its secretary, in the office of the secretary

of state and in the office of the county clerk in each county in this state in which

its articles of incorporation or any prior certificate of change of principal office

was filed. The cooperative shall, within thirty days after the filing of the certificate of

change of principal office in the office of the county clerk, file in the county clerk's

office certified copies of its articles of incorporation and all amendments thereto,

if they are not already on file in the county clerk's office.