N.M. Stat. § 53-4-25
Share and membership certificates; issuance and
contents.
No certificate for shares or for membership shall be issued until paid for in full. There
shall be printed upon each certificate issued by an association a statement embodying
the requirements of Sections 13, 14 and 26 [53-4-13, 53-4-14, 53-4-26 NMSA 1978]
herein and of any provisions in its articles which limit the right of the certificate holder to
assign or transfer such certificate.