N.M. Stat. § 53-5-4
Exempt corporations.
The following corporations shall be exempt from filing a report pursuant to the
Corporate Reports Act:
A. state banks or insurance companies incorporated under the laws of New Mexico;
B. insurance companies which are incorporated under the laws of the United States,
other states or foreign countries, and which are licensed to transact business in the
state of New Mexico;
C. national banks; and
D. nonprofit corporations.