N.M. Stat. § 53-4-13
Current through 2024, ch. 69
Each member of an association shall have one and only one vote, except that, where an association has, as members, other associations, or groups organized on a cooperative basis, the voting rights of such member associations or groups may be prescribed in the article or by-laws [bylaws].
No voting agreement or other device to evade the one member-one vote rule shall be enforceable at law or in equity.
NMS § 53-4-13