N.M. Stat. § 76-12-20
Taxation.
It is the duty of every association organized pursuant to provisions of the
Cooperative Marketing Association Act and foreign associations admitted to do
business in this state under that act to procure annually from the secretary of state a
license authorizing the transaction of business in the state. Each domestic or foreign
corporation shall pay annually a license fee of twenty-five dollars ($25.00) to the
secretary of state before receiving such license.