# N.M. Stat. § 49-5-2: Corporate powers; name; process

> New Mexico · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-2

## Section

- **Citation:** N.M. Stat. § 49-5-2
- **Heading:** Corporate powers; name; process
- **Jurisdiction:** New Mexico
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NM Code / Chapter 49 / Article 5 / Section 49-5-2

## Text

That each of such boards shall be a body corporate, having full power to sue and be sued, besides the other powers hereinafter mentioned. In all suits the said body corporate shall be styled, “The Board of Trustees of the ․․․․․․․․․․ Community Grant,” and all process may be served on either the president or the secretary-and-treasurer of the board of trustees.

## Nearby sections

- [N.M. Stat. § 49-5-1 § 49-5-1. Management vested in boards of trustees; exception](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-1.md)
- [N.M. Stat. § 49-5-2 § 49-5-2. Corporate powers; name; process](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-2.md)
- [N.M. Stat. § 49-5-3 § 49-5-3. Qualifications of trustees](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-3.md)
- [N.M. Stat. § 49-5-4 § 49-5-4. First election of trustees; notice](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-4.md)
- [N.M. Stat. § 49-5-5 § 49-5-5. Election of successors; notice; judges](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-5.md)
- [N.M. Stat. § 49-5-6 § 49-5-6. Election; electors; canvassing returns; oath](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-6.md)
- [N.M. Stat. § 49-5-7 § 49-5-7. Officers; duties; secretary-treasurer's bond; compensation](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-7.md)
- [N.M. Stat. § 49-5-8 § 49-5-8. General powers of board](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-8.md)
- [N.M. Stat. § 49-5-9 § 49-5-9. Disposition of lands; authorization](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-9.md)
- [N.M. Stat. § 49-5-10 § 49-5-10. Meetings of board; quorum; vacancies; expenditures](https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-2. Check the current official text before relying on it. Not legal advice.