N.M. Stat. § 58-1-53
General corporate powers.
State banks shall have:
A. all the powers provided and conferred on them in the Banking Act and such
general corporate powers as are appropriate to its purpose;
B. the power to act as a fiduciary in any capacity, after proper qualifications under
the Banking Act, and if authorized by its articles of incorporation or any amendment
thereto;
C. perpetual succession by its corporate name unless a limited period of duration is
stated in its articles of incorporation;
D. the power to sue and be sued in any court of law or equity;
E. the power to make and use a common seal, and alter the same at pleasure;
F. the power to appoint such officers and agents as the business of the corporation
shall require, and to allow them suitable compensation; and
G. the power to make contributions to the extent authorized, approved or ratified by
action of the board of directors of the corporation, except as otherwise specifically
provided or limited by its articles of incorporation, or its bylaws, or by resolution duly
adopted by its stockholders, or by statute.