Updated April 25, 2023
New Mexico corporate bylaws are provisions set in place by the board of directors of a corporation to govern the entity’s internal structure and management policies. The bylaws should identify the board members along with their rights, responsibilities, qualifications, and term of membership. Shareholders will have annual meetings to vote on various matters concerning the internal affairs of the corporation. The methods employed to notify the shareholders of such meetings shall be stated in the bylaws. After the initial bylaws are set, the power to amend, alter, repeal, or adopt new bylaws will reside in the board of directors unless stated otherwise in the articles of incorporation.
Required in New Mexico? Yes (§ 53-11-27)
Laws
- Annual Meetings – § 53-11-28(B)
- Corporate Bylaws – § 53-11-27
- Issuance of Stock – § 53-11-18