N.M. Stat. § 53-13-3
Class voting on amendments.
The holders of the outstanding shares of a class may vote as a class upon a
proposed amendment, whether or not entitled to vote thereon by the provisions of the
articles of incorporation, if the amendment would:
A. effect an exchange, reclassification or cancellation of all or part of the shares or
the class;
B. effect an exchange or create a right of exchange of all or any part of the shares
of another class into the shares of the class;
C. change the designations, preferences, limitations or relative rights of the shares
of the class;
D. change the shares of the class into the same or a different number of shares of
the same class or another class;
E. create a new class of shares having rights and preferences prior and superior to
the shares of the class or increase the rights and preferences or the number of
authorized shares of any class having rights and preferences prior or superior to the
shares of the class;
F. in the case of a preferred or special class of shares, divide the shares of the
class into series and fix and determine the designation of the series and the variations
in the relative rights and preferences between the shares of the series or authorize the
board of directors to do so;
G. limit or deny the existing preemptive rights of the shares of the class; or
H. cancel or otherwise affect dividends on the shares of the class which have
accrued but have not been declared.