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Section 53-4-1 - Definitions. - Unless the subject matter or context requires otherwise, wherever used...
Section 53-4-1.1 - Short title. - Chapter 53, Article 4 NMSA 1978 may be cited as...
Section 53-4-2 - Who may incorporate. - Any five or more natural persons or two or more...
Section 53-4-3 - Purposes. - An association may be incorporated hereunder to engage in any...
Section 53-4-4 - Powers. - An association shall have the capacity to act possessed by...
Section 53-4-5 - Articles of incorporation; contents. - Articles of incorporation shall be signed by each of the...
Section 53-4-6 - Articles of incorporation; filing; recordation; fees. - The articles of incorporation of the association shall be filed...
Section 53-4-6.1 - Registered office and registered agent. - An association shall have and continuously maintain in New Mexico:...
Section 53-4-6.2 - Change of registered office or registered agent. - A. An association may change its registered office or its...
Section 53-4-6.3 - Service of process on association. - The registered agent appointed by an association shall be an...
Section 53-4-6.4 - Recompiled. - Recompilations. — Laws 2001, ch. 200, § 26, relating to...
Section 53-4-7 - Articles of incorporation; amendments; fee. - A. Amendments to the articles of incorporation may be proposed...
Section 53-4-8 - Adoption, amendment, or repeal of by-laws [bylaws]. - By-laws [Bylaws] shall be adopted, amended, or repealed by a...
Section 53-4-9 - Contents of by-laws [bylaws]. - The by-laws [bylaws] may, within the limitations set forth herein...
Section 53-4-9.1 - Indemnification of officers and directors. - Each association shall have the power to indemnify any director...
Section 53-4-10 - Regular and special meetings. - Regular meetings of members shall be held as prescribed in...
Section 53-4-11 - Notice of meeting. - The secretary shall give notice of the time and place...
Section 53-4-12 - Meetings by units of the membership. - The articles or by-laws [bylaws] may provide for the holding...
Section 53-4-13 - One member - one vote. - Each member of an association shall have one and only...
Section 53-4-14 - No proxy. - No member shall be permitted to vote by proxy. History:...
Section 53-4-15 - Voting by mail. - The articles or by-laws [bylaws] may provide for either or...
Section 53-4-16 - Application of voting provisions herein to voting by mail. - If an association has provided for voting by mail, any...
Section 53-4-17 - Application of voting provisions herein to voting by delegates. - If an association has provided for voting by delegates, any...
Section 53-4-18 - Directors. - An association shall be managed by a board of not...
Section 53-4-18.1 - Duties of directors. - A director shall perform his duties as a director, including...
Section 53-4-18.2 - Liability of directors. - No director of the association shall be personally liable to...
Section 53-4-18.3 - Repealed. - Repeals. — Laws 1993, ch. 318, § 6 repealed 53-4-18.3...
Section 53-4-19 - Officers. - The officers of an association shall include a president, one...
Section 53-4-20 - Removal of directors and officers. - A director or officer may be removed with or without...
Section 53-4-21 - Referendum. - The articles or by-laws [bylaws] may provide that within a...
Section 53-4-21.1 - Disposition of property. - An association may not sell, convey, lease, exchange, transfer or...
Section 53-4-22 - Limitations on interest-dividends. - Interest-dividends shall not exceed fifteen percent per year and shall...
Section 53-4-23 - Eligibility and admission to membership. - Any natural person, association, incorporated or unincorporated group organized on...
Section 53-4-24 - Subscribers. - Any natural person or group eligible for membership and legally...
Section 53-4-25 - Share and membership certificates; issuance and contents. - No certificate for shares or for membership shall be issued...
Section 53-4-26 - Transfer of shares and membership; withdrawal. - If a member desires to withdraw from the association or...
Section 53-4-27 - Share and membership certificates; recall. - The by-laws [bylaws] may give the directors the power to...
Section 53-4-28 - Share and membership certificates; attachment. - The holdings of any member of an association, to the...
Section 53-4-29 - Liability of members. - Members shall not be jointly or severally liable for any...
Section 53-4-30 - Expulsion. - A member may be expelled by the vote of a...
Section 53-4-31 - Allocation and distribution of net savings. - At least once a year the members and/or the directors,...
Section 53-4-32 - Bonding. - Every individual acting as officer or employee of an association...
Section 53-4-33 - Books; auditing. - To record its business operation, every association shall keep a...
Section 53-4-34 - Annual report. - A. An association shall, annually within sixty days of the...
Section 53-4-35 - Notice of delinquent reports; forfeitures; reinstatement. - If an association fails to make a report within the...
Section 53-4-36 - Voluntary dissolution. - An association may, at any regular or special meeting legally...
Section 53-4-37 - Use of name "cooperative"; penalty. - A. Only the following entities are entitled to use the...
Section 53-4-38 - Promotion expenses; limitations; penalty. - An association shall not, directly or indirectly, use any of...
Section 53-4-39 - Spreading false reports; penalty. - Any person, firm, corporation or association which maliciously and knowingly...
Section 53-4-40 - Existing cooperative corporations. - A group incorporated under another law of this state and...
Section 53-4-41 - Foreign corporations. - A foreign corporation operating on a cooperative basis and complying...
Section 53-4-42 - Legality declared; not in restraint of trade. - No association, or method or act thereof which complies with...
Section 53-4-43 - Laws not applicable. - No law of this state conflicting or inconsistent herewith shall,...
Section 53-4-44 - Subsequent laws. - No law of this state subsequent to these provisions shall...
Section 53-4-45 - Taxation. - Associations formed under Chapter 53, Article 4 NMSA 1978 and...