2017 New Mexico Statutes
Chapter 53 - Corporations
Article 18 - Business Corporations; Miscellaneous Provisions
Section 53-18-6 - Greater voting requirements.

Universal Citation: NM Stat § 53-18-6 (2017)

53-18-6. Greater voting requirements.

Whenever a section of the Business Corporation Act specifies the vote of the holders of a certain proportion of the shares, or of any class or series thereof, for the taking of any action by the shareholders of a corporation, the articles of incorporation may require a greater proportion. An amendment to the articles of incorporation which adds, changes or deletes a provision for a greater proportion must be adopted by the same vote as would be required to take action under the provision to be adopted or then in effect, whichever is greater.

History: 1978 Comp., 53-18-6, enacted by Laws 1983, ch. 304, 71.

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