New Mexico § 24A-9-3 Applicability; provisions additional; control presumptions

New Mexico Statutes

§ 24A-9-3 — Applicability; provisions additional; control presumptions

New Mexico·Ch. 24A Health Care Code·Art. 9 Health Care Consolidation Oversight

A.The oversight power of the authority pursuant to the Health Care Consolidation Oversight Act applies to proposed transactions.

B.Being subject to the Health Care Consolidation Oversight Act does not preclude or negate any person regulated pursuant to the Insurance Holding Company Law.

C.Control is presumed to exist if a person, directly or indirectly, owns, controls, holds fifteen percent or more of the power to vote or holds proxies representing fifteen percent or more of the voting securities of any other person. The presumption may be rebutted by a showing in the manner provided by Section 59A-37-19 NMSA 1978 that control does not in fact exist.

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A. The oversight power of the authority pursuant to the Health Care Consolidation Oversight Act applies to proposed transactions. B. Being subject to the Health Care Consolidation Oversight Act does not preclude or negate any person regulated pursuant to the Insurance Holding Company Law. C. Control is presumed to exist if a person, directly or indirectly, owns, controls, holds fifteen percent or more of the power to vote or holds proxies representing fifteen percent or more of the voting securities of any other person. The presumption may be rebutted by a showing in the manner provided by Section 59A-37-19 NMSA 1978 that control does not in fact exist.

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