N.M. Stat. § 58-1-27
Sale of assets in ordinary course.
A bank may sell any asset in the ordinary course of business, or with the approval of
the commissioner [director of the financial institutions division of the regulation and
licensing department] in any other circumstance, but the sale of all or substantially all of
the assets of a bank or of a department thereof is governed by Section 58-4-9 NMSA
1978.