The meetings of stockholders must be held at the office or principal place of business of the corporation: provided, that nothing in this chapter shall be construed to prevent or prohibit any railroad corporation from holding the meetings of its stockholders or board of directors at the principal place of business of such corporation in any other state or territory where a majority of the stock of such corporation is held or owned therein.
History: Laws 1878, ch. 1, ch. [tit.] 3, § 15; C.L. 1884, § 2647; C.L. 1897, § 3829; Laws 1899, ch. 29, § 2; Code 1915, § 4687; C.S. 1929, § 116-135; 1941 Comp., § 74-139; 1953 Comp., § 69-1-39.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Compiler's notes. — The 1915 Code compilers substituted "this chapter" for "this act."
For meaning of "this chapter", see compiler's notes to 63-1-8 NMSA 1978.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 18A Am. Jur. 2d Corporations §§ 956, 957.