N.M. Stat. § 62-20-7
Acceptance of assets and liabilities of dissolved entities;
acquisition of water rights.
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 [Chapter 73, Article 21 NMSA 1978];
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 [Chapter 53,
Article 8 NMSA 1978] or Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA
1978];
F. a public improvement district established pursuant to the Public Improvement
District Act [Chapter 5, Article 11 NMSA 1978];
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 [Chapter
53, Article 4 NMSA 1978] 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 [Chapter 3, Article 29 NMSA 1978]; or
K. an authority created pursuant to the Regional Water System Resiliency Act.