N.M. Stat. § 62-20-7

§ 62-20-7. Acceptance of assets and liabilities of dissolved entities; acquisition of water rights

Last amended: 1951Year: 2026Length: 196 words
Subject to any other statutory requirements for dissolution and transfer, an authority may accept a transfer of assets and liabilities upon the request, and the legal dissolution, of an entity that provides water or sewer services and is: A. a political subdivision of the state; B. a water and sanitation district established pursuant to the Water and Sanitation District Act; C. a water and natural gas association established pursuant to Chapter 3, Article 28 NMSA 1978; D. a water users' association established pursuant to Chapter 73, Article 5 NMSA 1978; E. a corporation organized pursuant to the Nonprofit Corporation Act or Business Corporation Act; F. a public improvement district established pursuant to the Public Improvement District Act; G. a municipal or county utility; H. a company established pursuant to Chapter 62, Article 2 NMSA 1978; I. an association established pursuant to the Cooperative Association Act that has reorganized as a public entity; J. an association or mutual domestic water consumers association organized under Laws 1947, Chapter 206, Laws 1949, Chapter 79 or Laws 1951, Chapter 52 or pursuant to the Sanitary Projects Act; or K. an authority created pursuant to the Regional Water System Resiliency Act.
N.M. Stat. § 62-20-7: § 62-20-7. Acceptance of assets and liabilities of dissolved entities; acquisition of water rights | Justis AI