One or more regular meetings shall be held annually in such places, as the bylaws may stipulate. The board of directors shall have the right to call a special meeting at any time; and ten (10%) percent of the members may file a petition stating the specific business to be brought before the association and demand a special meeting at any time. Such meeting must thereupon be called by the directors. Notice of all meetings, together with a statement of the purposes thereof, shall be mailed to each member at least ten days prior to the meeting, or if provided by the bylaws, all notices may be given by publication in a house organ of general circulation among the members.
History: Laws 1937, ch. 152, § 13; 1941 Comp., § 48-1313; 1953 Comp., § 45-14-13.
Compiler's notes. — For similar provision in earlier act, see Laws 1925, ch. 99, § 12.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 3 C.J.S. Agriculture § 142.
Structure New Mexico Statutes
Article 12 - Cooperative Marketing Associations
Section 76-12-1 - Short title.
Section 76-12-2 - Declaration of policy.
Section 76-12-3 - Definitions.
Section 76-12-4 - Who may organize.
Section 76-12-7 - Articles of incorporation.
Section 76-12-8 - Filing and recording articles of incorporation.
Section 76-12-9 - Amendments to articles of incorporation.
Section 76-12-12 - Issuance of membership certificates and stock.
Section 76-12-13 - General and special meeting; how called.
Section 76-12-14 - Directors; election.
Section 76-12-16 - Contracts between associations and members.
Section 76-12-17 - Associations heretofore organized may adopt the provisions of this act.
Section 76-12-18 - Associations are not in restraint of trade.
Section 76-12-19 - Quo warranto to test validity of incorporation.
Section 76-12-21 - Application of general corporation laws.