N.M. Stat. § 59A-34-27
Mutual members, quorum.
A domestic mutual insurer may in its bylaws adopt a reasonable provision for
determining a quorum of members at any meeting thereof, but no provision recognizing
a quorum of fewer than a simple majority in person or proxy of all the insurer's members
shall be effective unless approved as reasonable by the superintendent. This section
shall not affect any other provision of law requiring vote of a different percentage of
members for a specified purpose.