New Mexico corporate bylaws are a set of internal rules and guidelines by which a corporation manages its structure and affairs. The document defines the rights and responsibilities of the corporate shareholders, directors, and officers, thereby helping to prevent any future conflict. As long as they are not inconsistent with state law or the articles of incorporation, any bylaws regarding the management of company affairs may be put into place.

The document provisions can be altered by the board of directors or shareholders as agreed upon unless otherwise stated in the articles of incorporation.