Situation dependent. If you transfer from the National Guard to the Regular Army, then you can no longer wear state issued ribbons and medals. Likewise, if you're activated by the federal government, you are no longer a National Guardsman - at that point, you're a federal soldier, and are no longer authorized to wear state issued awards, though you can resume wearing them when you're deactivated and your unit is transferred back to your home state.
If you're activated by a state authority (such as the state governor, or, in some states, a County Sheriff has the authority to activate NG units in their county), rather than a federal authority, you may continue wearing your state awards.
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Lata Mungeshkar 1996
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