{"data":{"id":"us-nm/53-4-9","jurisdiction":"us-nm","citation":"53-4-9","heading":"Contents of by-laws [bylaws].","body":"The by-laws [bylaws] may, within the limitations set forth herein provide for:\nA. the method and terms of admission to membership and the disposal of members' interests on cessation of membership for any reason;\nB. the time, place and manner of calling and conducting meetings;\nC. the number or percentage of the members constituting a quorum;\nD. the number, qualifications, powers, duties, term of office, and manner, time and vote for election, of directors and officers; and the classification, if any, of directors;\nE. the compensation, if any, of the directors, and the number of directors necessary to constitute a quorum;\nF. the method of distributing the net savings;\nG. the various discretionary provisions herein as well as other provisions incident to the purposes and activities of the association.","path":["Chapter 53 - Corporations","ARTICLE 4 Cooperative Associations"],"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":"3c9377252e2d4940493a65b9cd4ab0297a3ed03dff3e9f0e72e70d38cd6b738b","source_id":"us-nm","stale":false,"prev":"us-nm/53-4-8","next":"us-nm/53-4-9.1"},"notice":"GroundRules: Original legal text. Not legal advice."}