Statutes > New Mexico Statutes > Chapter 62 - Electric, Gas and Water Utilities. > Article 2 - Incorporation and Powers of Waterworks, 62-2-1 through 62-2-22. > Section 62-2-7 - Quorum in directors' meeting.

Section 62-2-7 - Quorum in directors' meeting.

62-2-7. [Quorum in directors' meeting.]

A majority of the whole number of directors shall form a board for the transaction of business, and a decision of a majority of the directors assembled as a board shall be valid as a corporate act.