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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 62. Electric, Gas and Water Utilities § 62-20-7. Acceptance of assets and liabilities of dissolved entities; acquisition of water rights - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-62-electric-gas-and-water-utilities/nm-st-sect-62-20-7/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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