The bill amends several sections of the New Mexico Nonprofit Corporation Act to allow nonprofit condominium associations to conduct business remotely. Key changes include the ability for associations to send meeting notices electronically, provided that recipients have consented to such communication. Additionally, the bill establishes that a quorum for meetings can be achieved through participation via simultaneous, remote electronic means, thereby facilitating greater flexibility in how meetings are conducted.
Further amendments clarify voting procedures, allowing members to vote remotely and by proxy, and specify that meetings of the board of directors can also be held remotely. The bill emphasizes that participation through electronic means counts as being present at the meeting, which aims to enhance accessibility and participation in the governance of nonprofit condominium associations. Overall, these changes modernize the operational framework for nonprofit corporations in New Mexico, reflecting the increasing reliance on technology for organizational meetings and decision-making.
Statutes affected: introduced version: 47-7C-8, 47-7C-9, 53-8-15, 53-8-16, 53-8-22
Final Version: 47-7C-8, 47-7C-9, 53-8-15, 53-8-16, 53-8-22