N.M. Admin. Code § 12.20.11.8
Current through Register Vol. 35, No. 23, December 10, 2024
Notwithstanding the provisions of Section 58-10-19 NMSA 1978, the bylaws of an association may provide that the board of directors shall be divided into three classes as nearly equal as possible, and that the members of each class shall be elected for a term of three years and until their successors are elected and qualified. One class shall be elected by ballot annually.
N.M. Admin. Code § 12.20.11.8