N.M. Stat. § 55-9-326A
Priority of security interest in controllable account,
controllable electronic record and controllable payment intangible.
A security interest in a controllable account, controllable electronic record or
controllable payment intangible held by a secured party having control of the account,
electronic record or payment intangible has priority over a conflicting security interest
held by a secured party that does not have control.