NMSA 62-20-7. Acceptance of assets and liabilities of dissolved entities;

62-20-7. Acceptance of assets and liabilities of dissolved entities; 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. History: Laws 2023, ch. 4, § 7. ARTICLE 21 Essential Services Development