N.M. Stat. § 53-4-13
One member - one vote.
Each member of an association shall have one and only one vote, except that,
where an association has, as members, other associations, or groups organized on a
cooperative basis, the voting rights of such member associations or groups may be
prescribed in the article or by-laws [bylaws].
No voting agreement or other device to evade the one member-one vote rule shall
be enforceable at law or in equity.