N.M. Stat. § 58-4-2
Resulting national bank.
A. Nothing in the law of this state shall restrict the right of a state bank to merge with
or convert into a resulting national bank. The action to be taken by such merging or
converting state bank and its rights and liabilities and those of its stockholders shall be
the same as those prescribed for national banks at the time of the action by the law of
the United States and not by the law of this state, except that a vote of the holders of
two-thirds of each class of voting stock of a state bank, at a meeting called in conformity
with the provisions of Section 5 [58-4-5 NMSA 1978], shall be required for the merger or
conversion, and that on conversion by a state into a national bank the rights of
dissenting stockholders shall be those specified in Section 10 [58-4-10 NMSA 1978].
B. Upon the completion of the merger or conversion, the franchise of any merging
or converting state bank shall automatically terminate.