Statutes, codes, and regulations
New Mexico Statutes 1978
Chapter 63 - RAILROADS AND COMMUNICATIONS
Article 1 - ORGANIZATION AND MANAGEMENT OF RAILROADS
Section 63-1-13 - Election and term of directors

N.M. Stat. § 63-1-13

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Current through 2024, ch. 69
Section 63-1-13 - Election and term of directors

The directors named in the articles of incorporation shall hold their offices for one year from and after the date of the filing of said articles as provided in Section 63-1-6 NMSA 1978, or until their successors are elected and qualified; thereafter, directors must be elected annually by the stockholders at such time as may be provided in the bylaws of the corporation: provided, that, if no time be fixed in the bylaws, such elections shall be had on the first Wednesday in July of each year.

NMS § 63-1-13

Laws 1878, ch. 1, ch. [tit.] 3, § 2; C.L. 1884, § 2634; C.L. 1897, § 3816; Code 1915, § 4674; C.S. 1929, § 116-122; 1941 Comp., § 74-113; 1953 Comp., § 69-1-13.