The affairs of a corporation shall be managed by a board of directors. Directors need not be residents of New Mexico or members of the corporation unless the articles of incorporation or the bylaws so require. The articles of incorporation or the bylaws may prescribe other qualifications for directors.
History: 1953 Comp., § 51-14-59, enacted by Laws 1975, ch. 217, § 17.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 19 Am. Jur. 2d Corporations §§ 2259 to 2271.
19 C.J.S. Corporations § 434 et seq.
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