N.M. Stat. § 58-10-33
General corporate powers.
Every association incorporated pursuant to, or operating under, the provisions of the
Savings and Loan Act has all powers authorized by the corporation laws of this state, is
a body corporate and politic, may sue and be sued, may have a common seal which it
may alter at pleasure and has all other powers incident to, or necessary for, the purpose
of properly carrying on its business.