{"data":{"id":"us-nm/53-11-40","jurisdiction":"us-nm","citation":"53-11-40","heading":"Quorum of directors.","body":"A majority of the number of directors as fixed pursuant to Section 53-11-36 NMSA 1978 shall constitute a quorum for the transaction of business unless a greater number is required by the articles of incorporation or the bylaws. A quorum, once attained at a meeting, shall be deemed to continue until adjournment notwithstanding the voluntary withdrawal of enough directors to leave less than a quorum. The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board of directors, unless the act of a greater number is required by the articles of incorporation or the bylaws.","path":["Chapter 53 - Corporations","ARTICLE 11 Business Corporations; Substantive Provisions"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"76a913ff1b3bb5705ae838367c5e3f0675bcf870d29d5562f26f6ef432b0c35c","source_id":"us-nm","stale":false,"prev":"us-nm/53-11-39","next":"us-nm/53-11-40.1"},"notice":"GroundRules: Original legal text. Not legal advice."}