# N.M. Stat. § 49-5-3: Qualifications of trustees

> New Mexico · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NM_C49_A5_S49-5-3

## Section

- **Citation:** N.M. Stat. § 49-5-3
- **Heading:** Qualifications of trustees
- **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 49-5-3

## Text

That all members of such boards of trustees shall be inhabitants of, and the owners of lands within the limits of the particular grant for which they shall have been elected 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_S49-5-3. Check the current official text before relying on it. Not legal advice.