N.M. Stat. § 54-2A-1102
Conversion.
A. An organization other than a limited partnership may convert to a limited
partnership, and a limited partnership may convert to another organization pursuant to
this section and Sections 1103 [54-2A-1103 NMSA 1978] through 1105 [54-2A-1105
NMSA 1978] of the Uniform Revised Limited Partnership Act and a plan of conversion,
if:
(1)
the other organization's governing statute authorizes the conversion;
(2)
the conversion is not prohibited by the law of the jurisdiction that enacted
the governing statute; and
(3)
the other organization complies with its governing statute in effecting the
conversion.
B. A plan of conversion must be in a record and must include:
(1)
the name and form of the organization before conversion;
(2)
the name and form of the organization after conversion;
(3)
the terms and conditions of the conversion, including the manner and
basis for converting interests in the converting organization into any combination of
money, interests in the converted organization and other consideration; and
(4)
the organizational documents of the converted organization.