N.M. Stat. § 53-8-20
Quorum of directors.
A. A majority of the number of directors fixed by the bylaws, or in the absence of a
bylaw fixing the number of directors, then of the number stated in the articles of
incorporation, shall constitute a quorum for the transaction of business, unless
otherwise provided in the articles of incorporation or the bylaws; but in no event shall a
quorum consist of less than one-third of the number of directors so fixed or stated. The
act of the majority of the directors present at a meeting at which a quorum is present
shall be the act of the board of directors, unless the act of a greater number is required
by the Nonprofit Corporation Act, the articles of incorporation or the bylaws.
B. A quorum, once attained at a meeting, shall be deemed to continue until
adjournment, notwithstanding the voluntary withdrawal of enough directors to leave less
than a quorum.