New Mexico § 62-20-7 Acceptance of assets and liabilities of dissolved entities;

New Mexico Statutes

§ 62-20-7 — Acceptance of assets and liabilities of dissolved entities;

New Mexico·Ch. 62 Electric, Gas and Water Utilities·Art. 20 Regional Water System Resiliency

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

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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.

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