N.M. Stat. § 3-28-5
Powers of association as body corporate.
Upon the filing of the certificate and copy thereof as provided in Section 3-28-4
NMSA 1978, the persons so associating, their successors and those who may
thereafter become members of the association shall constitute a body corporate by the
name set forth in the certificate and by such name may sue and be sued and shall have
capacity to make contracts, acquire, hold, enjoy, dispose of and convey property, real
and personal, and to do any other act or thing necessary or proper for carrying out the
purposes of their organization.