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NEW MEXICO STATUTES AND CODES
Section 58-23-8 - Board; quorum.
58-23-8. Board; quorum.
A majority of the members of the board then serving shall constitute a quorum for the transaction of business. The affirmative vote of at least a majority of a quorum present shall be necessary for any action to be taken by the authority. No vacancy in the membership of the council shall impair the right of a quorum to exercise all rights and perform all duties of the loan program.
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