N.M. Stat. § 53-19-15
Management by members or managers.
A. Except to the extent the articles of organization vest management of the limited
liability company in one or more managers, management of the business and affairs of
the limited liability company shall be vested in the members, subject to any provision in
the articles of organization, an operating agreement or the Limited Liability Company
Act, which vests particular management responsibilities in any member or group or
class of members.
B. If the articles of organization vest management of the limited liability company in
one or more managers, the articles of organization or an operating agreement may
prescribe the qualifications and the number of managers, the method in accordance
with which managers shall be selected and duties and responsibilities of such
managers. Each manager shall have such power to manage the business or affairs of
the limited liability company as the articles of organization or an operating agreement
shall provide. Unless otherwise provided by the articles of organization or an operating
agreement:
(1)
a manager shall be appointed and may be removed by the affirmative
vote, approval or consent of the members having a majority share of the voting power of
all of the members;
(2)
a manager need not be a member of the limited liability company or a
natural person;
(3)
unless a manager is removed or resigns, he shall hold office until his
successor has been elected and qualified; and
(4)
the manager or managers designated by or in accordance with the articles
of organization and operating agreement shall have exclusive power to make all
decisions on behalf of the limited liability company that are not specifically reserved to
the members by the Limited Liability Company Act.