New Mexico § 63-1-15 - Directors' organization meeting; officers; majority
Full text of New Mexico New Mexico Statutes Annotated § 63-1-15 — Directors' organization meeting; officers; majority, with citation guidance and answers to common questions.
§ 63-1-15. Directors' organization meeting; officers; majority
The directors named in the articles of incorporation must meet within one week after
the filing of said articles and organize by the election of the president, who shall
be one of their number, a secretary and a treasurer; and their successors must so
meet and organize immediately after their election. Directors must perform the duties enjoined upon them by law and the bylaws of the
corporation. A majority of the directors shall constitute a board for the transaction of business,
and every decision of a majority of the directors forming such board, made when duly
assembled and in session as such board, shall be valid as a corporate act.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 63-1-15
What does New Mexico Statutes Annotated § 63-1-15 cover?
Section 63-1-15 ("Directors' organization meeting; officers; majority") 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 § 63-1-15?
A common citation format is "New Mexico Statutes Annotated § 63-1-15" (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 § 63-1-15 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.