A majority of said board of trustees shall constitute a quorum for the transaction of business, and the corporation shall be in all respects bound by the acts of the majority of its board of trustees done in pursuance of the provisions of this act and within the scope thereof.
History: Laws 1917, ch. 3, § 6; C.S. 1929, § 29-206; 1941 Comp., § 9-206; 1953 Comp., § 8-2-6.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Compiler's notes. — The term "this act" refers to Laws 1917, ch. 3, §§ 1 to 20, compiled as 49-2-1 to 49-2-17 NMSA 1978.
Structure 2021 New Mexico Statutes
Article 2 - Corporations for Management of Community Land Grants
Section 49-2-1 - [Powers granted to certain community land grant corporations.]
Section 49-2-2 - Corporate powers enumerated.
Section 49-2-3 - Board of trustees; corporate powers; election.
Section 49-2-5 - [Vacancies in board; filling.]
Section 49-2-6 - [Majority of board constitutes quorum; acts binding.]
Section 49-2-7 - [Regular meetings of board; sale of community lands; handling of moneys.]
Section 49-2-8 - [Special meetings; business to be transacted; calling.]
Section 49-2-9 - [Selection of officers; rules; duties of secretary.]
Section 49-2-10 - [Resolutions for disposition of common lands; effective date; binding effect.]
Section 49-2-11 - [Protests against disposition of common lands; election.]
Section 49-2-12 - [Compensation of trustees.]
Section 49-2-13 - [Lands held in private ownership.]
Section 49-2-14 - [Lands improperly claimed in private ownership; ejectment.]
Section 49-2-15 - [Trespass on common lands or waters; jurisdiction of courts; injunction.]
Section 49-2-16 - [Conveyances; effect.]
Section 49-2-17 - Definition of terms; right to vote or hold office.