{"data":{"id":"us-nm/44-8-4","jurisdiction":"us-nm","citation":"44-8-4","heading":"Grounds for appointing a receiver.","body":"A. Upon application to a district court, the district court shall appoint a receiver in an action by a mortgagee or secured party or in any other action based upon a contract or other written agreement, where such mortgage, security agreement, contract or other written agreement provides for the appointment of a receiver.\nB. Upon application to a district court, the district court may appoint a receiver:\n(1) when specific statutory provisions authorize the appointment of a receiver;\n(2) in an action between or among persons owning or claiming an interest in the receivership estate;\n(3) in actions where receivers have customarily been appointed by courts of law or equity;\n(4) when a receiver has been appointed for a business entity or other person by a court of competent jurisdiction in another state, and that receiver seeks to collect, take possession or manage assets of the receivership estate located in New Mexico; or\n(5) in any other case where, in the discretion of the district court, just cause exists and irreparable harm may result from failure to appoint a receiver.","path":["Chapter 44 - Miscellaneous Civil Law Matters","ARTICLE 8 Receivership Act"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18545/index.do","current_through":"2023-06-16","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"042e63539aef97a635e67ae389e42f57720505c734d28814d5ed38eea3ee50a2","source_id":"us-nm","stale":false,"prev":"us-nm/44-8-3","next":"us-nm/44-8-5"},"notice":"GroundRules: Original legal text. Not legal advice."}