There is a newer version of the New Mexico Statutes
2006 New Mexico Statutes - Section 73-18-35 — Term of office for director.
73-18-35. Term of office for director.
The regular term of office for a director shall be four (4) years, and until his successor shall have been chosen and shall have qualified. A director shall qualify by taking an oath of office. Newly elected directors shall take office at the next regular meeting of the board of directors, following the election of such director.
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