N.M. Stat. § 63-1-33
[Postponement of election.]
If from any cause an election does not take place on the day appointed in the
bylaws, or if no day be appointed in the bylaws, then on the day appointed in Section
63-1-13 NMSA 1978, it may be held on any day thereafter as is provided for in such
bylaws, or to which such election may be adjourned or ordered by the directors. If an
election has not been held at the appointed time, and no adjourned or other meeting for
the purpose has been ordered by the directors, a meeting may be called by the
stockholders, as provided in Section 63-1-17 NMSA 1978.