N.M. Stat. § 53-12-4
Effect of incorporation.
Unless the commission [secretary of state] disapproves pursuant to Subsection A of
Section 53-18-2 NMSA 1978, upon delivery of the articles of incorporation to the
commission [secretary of state], the corporate existence shall begin, and the certificate
of incorporation shall be conclusive evidence that all conditions precedent required to
be performed by the incorporators have been complied with and that the corporation
has been incorporated under the Business Corporation Act, except as against this state
in a proceeding to cancel or revoke the certificate of incorporation or for involuntary
dissolution of the corporation.