{"data":{"id":"us-nm/3-23-7","jurisdiction":"us-nm","citation":"3-23-7","heading":"Appointment of receiver; qualifications; powers.","body":"A. Upon the failure of any municipality coming within the provisions of Sections 3-23-4, 3-23-7, 3-23-8 and 3-23-9 NMSA 1978, to comply with the provisions of these sections, the district court may at the suit of any resident taxpayer of the municipality appoint a receiver for the municipal utility. Under the court's direction, the receiver shall operate the municipal utility to accomplish the objectives and purposes of Sections 3-23-4, 3-23-7, 3-23-8 and 3-23-9 NMSA 1978.\nB. No person shall be appointed a receiver unless he:\n(1) has been an actual resident in good faith of the municipality for not less than one year prior to the date of his appointment; and\n(2) is a taxpayer and owner of real estate of the value of at least five hundred dollars ($500) within the municipality. Upon petition to remove the receiver signed by not less than fifty-one percent of the qualified electors who are taxpayers resident within the municipality, the district court shall remove the receiver. A receiver shall act until discharged by the district court.","path":["Chapter 3 - Municipalities","ARTICLE 23 Public Utilities"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18504/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"a74172f66090eabc8262ae446f41a6ccadcac60cd193a71df62d9b87efffe277","source_id":"us-nm","stale":false,"prev":"us-nm/3-23-6","next":"us-nm/3-23-8"},"notice":"GroundRules: Original legal text. Not legal advice."}