N.M. Stat. § 46A-7-706
Removal of trustee.
A. The settlor, a co-trustee or a beneficiary may request the court to remove a
trustee or a trustee may be removed by the court on its own initiative.
B. The court may remove a trustee if:
(1)
the trustee has committed a serious breach of trust;
(2)
lack of cooperation among co-trustees substantially impairs the
administration of the trust;
(3)
because of unfitness, unwillingness or persistent failure of the trustee to
administer the trust effectively, the court determines that removal of the trustee best
serves the interests of the beneficiaries; or
(4)
there has been a substantial change of circumstances or removal is
requested by all of the qualified beneficiaries, the court finds that removal of the trustee
best serves the interests of all of the beneficiaries and is not inconsistent with a material
purpose of the trust, and a suitable co-trustee or successor trustee is available.
C. Pending a final decision on a request to remove a trustee, or in lieu of or in
addition to removing a trustee, the court may order such appropriate relief as may be
necessary to protect the trust property or the interests of the beneficiaries.