N.M. Stat. § 63-1-37
[Place for stockholders' meeting.]
The meetings of stockholders must be held at the office or principal place of
business of the corporation: provided, that nothing in this chapter shall be construed to
prevent or prohibit any railroad corporation from holding the meetings of its stockholders
or board of directors at the principal place of business of such corporation in any other
state or territory where a majority of the stock of such corporation is held or owned
therein.