N.M. Stat. § 53-19-18
Indemnification of members and managers.
The articles of organization or an operating agreement may provide for
indemnification of a member or manager for judgments, settlements, penalties, fines or
expenses incurred in a proceeding to which a person is a party because he is or was a
member or manager and for advancement of expenses, including costs of defense,
prior to final disposition of such proceeding.