Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 4 - Cooperative Associations, 53-4-1 through 53-4-45. > Section 53-4-20 - Removal of directors and officers.

Section 53-4-20 - Removal of directors and officers.

53-4-20. Removal of directors and officers.

A director or officer may be removed with or without cause, by a vote of two-thirds of the members voting at a regular or special meeting. The director or officer involved shall have an opportunity to be heard at said meeting. A vacancy caused by any such removal shall be filled by the vote provided in the by-laws [bylaws] for election of directors.