N.M. Stat. § 58-4-3
Resulting state bank.
Upon approval by the director of the financial institutions division, banks may be
merged to result in a state bank or a national bank may convert into a state bank as
hereafter prescribed, except that the action by a national bank shall be taken in the
manner prescribed by and shall be subject to limitations and requirements imposed by
the law of the United States which shall also govern the rights of its dissenting
stockholders.