N.M. Stat. § 38-4-8
[Infants; bond of next friend.]
Any person who acts as next friend for an infant in any suit to recover any personal
property, debt or damages, shall, if required by the court, execute a bond to such infant
in double the amount claimed in such suit, with such sureties as shall be approved by
the court, conditioned that such next friend shall account to such infant for all money or
property which may be recovered in such suit. Such bond shall be delivered to and filed
in the office of the clerk of the court in which said suit is pending.