New Mexico Statutes
§ 73-12-28 — Board of directors have no power to incur debt other than
New Mexico § 73-12-28
This text of New Mexico § 73-12-28 (Board of directors have no power to incur debt other than) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 73-12-28 (2026).
Text
provided in this act. The board of directors, or other officers of the district, shall have no power to incur any debt or liability whatever either by issuing bonds or otherwise, in excess of the express provisions of this act [73-12-1 to 73-12-57 NMSA 1978], and any debt or liability incurred in excess of such express provisions shall be and remain absolutely void.
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Legislative History
Laws 1929, ch. 76, § 28; C.S. 1929, § 73-728; 1941 Comp., § 77-2428; 1953
Nearby Sections
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[Purpose of districts.]§ 73-1-15
[District court procedure; notice.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 73-12-28, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/73/73-12-28.