N.M. Stat. § 58-4-6
Effective date of merger; filing of approved agreement;
certificate of merger as evidence.
A. A merger or sale which is to result in a state bank shall, unless a late date is
specified in the agreement, become effective upon the filing with the director of the
financial institutions division of the executed agreement together with copies of the
resolutions of the stockholders of each merging, purchasing and selling bank approving
it and a list of the owners of the shares [who] voted against the merger or purchase,
certified by the bank's president or vice president and a secretary or cashier. The
charters of the merging banks, other than the resulting bank, shall thereupon
automatically terminate.
B. The director of the financial institutions division shall promptly issue to the
resulting bank a certificate of merger specifying the name of each merging bank and the
name of the resulting state bank. Such certificate shall be conclusive evidence of the
merger and of the correctness of all proceedings therefor in all courts and places, and
may be recorded in any office for the recording of deeds to evidence the new name in
which the property of the merging banks is held.