New Mexico § 63-1-12 - Management by board of directors; number; quorum; vacancies
Full text of New Mexico New Mexico Statutes Annotated § 63-1-12 — Management by board of directors; number; quorum; vacancies, with citation guidance and answers to common questions.
§ 63-1-12. Management by board of directors; number; quorum; vacancies
The corporate powers, business and property of all railroad corporations must be exercised,
conducted, controlled and managed by a board of not less than five nor more than eleven
directors, to be elected from among the stockholders, who are citizens of the United
States. Unless a quorum be present and acting, no business performed or act done, shall
be valid or binding as against the corporation. Vacancies in the board of directors shall be filled by appointment by the board,
unless otherwise provided by the bylaws of the corporation. Within the limits above specified, the number of directors may be increased or diminished
by a vote of stockholders representing two-thirds of the subscribed capital stock,
at any annual meeting of the stockholders.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 63-1-12
What does New Mexico Statutes Annotated § 63-1-12 cover?
Section 63-1-12 ("Management by board of directors; number; quorum; vacancies") 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 § 63-1-12?
A common citation format is "New Mexico Statutes Annotated § 63-1-12" (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 § 63-1-12 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.