New Mexico Statutes
§ 24A-2-7 — Termination of receivership
The receivership shall terminate when the conditions that led to its establishment, and any other conditions that constitute grounds for establishment of a receivership, have ceased to exist. If the health facility is insolvent or otherwise financially distressed, the receivership shall terminate upon filing of federal bankruptcy proceedings, unless the district court orders otherwise.
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Legislative History
1978 Comp., § 24-1E-6, enacted by Laws 1996, ch. 35, § 9; recompiled as §
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