2011 New Mexico Statutes
Chapter 53: Corporations
Article 4: Cooperative Associations, 53-4-1 through 53-4-45
Section 53-4-13: One member - one vote.
53-4-13. One member - one vote.
Each member of an association shall have one and only one vote, except that, where an association has, as members, other associations, or groups organized on a cooperative basis, the voting rights of such member associations or groups may be prescribed in the article or by-laws [bylaws].
No voting agreement or other device to evade the one member-one vote rule shall be enforceable at law or in equity.
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