Statutes > New Mexico Statutes > Chapter 49 - Land Grants. > Article 2 - Corporations for Management of Community Land Grants, 49-2-1 through 49-2-18. > Section 49-2-6 - Majority of board constitutes quorum; acts binding.

Section 49-2-6 - Majority of board constitutes quorum; acts binding.

49-2-6. [Majority of board constitutes quorum; acts binding.]

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.