Public-domain · open source
OpenJurist

§ 53-8-97 NMSA 1978

Action by members or directors without a meeting

Known as the Nonprofit Corporation Act

The act spans §§ 53–53 (106 sections).

1953 Comp., § 51-14-136, enacted by Laws 1975, ch. 217, § 94.

A. Any action required by the Nonprofit Corporation Act to be taken at a meeting of the members or directors of a corporation, or any action which may be taken at a meeting of the members or directors, may be taken without a meeting if a consent in writing, setting forth the action so taken, is signed by all of the members entitled to vote with respect to the subject matter thereof, or all of the directors, as the case may be.

B. The consent as provided for in Subsection A of this section shall have the same force and effect as a unanimous vote and may be stated as such in any articles or document filed with the corporation commission [secretary of state] under the Nonprofit Corporation Act.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.