{"data":{"id":"us-nm/58-23-8","jurisdiction":"us-nm","citation":"58-23-8","heading":"Board; quorum.","body":"A majority of the members of the board then serving shall constitute a quorum for the transaction of business. The affirmative vote of at least a majority of a quorum present shall be necessary for any action to be taken by the authority. No vacancy in the membership of the council shall impair the right of a quorum to exercise all rights and perform all duties of the loan program.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 23 Hospital Equipment Loans"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"606f9d29094994b4de9426bc33cda044c4fa8790dc2dccdebb55f604651b50c1","source_id":"us-nm","stale":false,"prev":"us-nm/58-23-7","next":"us-nm/58-23-9"},"notice":"GroundRules: Original legal text. Not legal advice."}