{"data":{"id":"us-nm/62-20-7","jurisdiction":"us-nm","citation":"62-20-7","heading":"Acceptance of assets and liabilities of dissolved entities; acquisition of water rights.","body":"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:\nA. a political subdivision of the state;\nB. a water and sanitation district established pursuant to the Water and Sanitation District Act [Chapter 73, Article 21 NMSA 1978];\nC. a water and natural gas association established pursuant to Chapter 3, Article 28 NMSA 1978;\nD. a water users' association established pursuant to Chapter 73, Article 5 NMSA 1978;\nE. 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];\nF. a public improvement district established pursuant to the Public Improvement District Act [Chapter 5, Article 11 NMSA 1978];\nG. a municipal or county utility;\nH. a company established pursuant to Chapter 62, Article 2 NMSA 1978;\nI. an association established pursuant to the Cooperative Association Act [Chapter 53, Article 4 NMSA 1978] that has reorganized as a public entity;\nJ. 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\nK. an authority created pursuant to the Regional Water System Resiliency Act.","path":["Chapter 62 - Electric, Gas and Water Utilities","ARTICLE 20 Regional Water System Resiliency"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18565/index.do","current_through":"2026-05-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"17b94bfb899a40f6450bae0fa6508d444a81322e20662f7a81bf69961d45240d","source_id":"us-nm","stale":false,"prev":"us-nm/62-20-6","next":"us-nm/62-21-1"},"notice":"GroundRules: Original legal text. Not legal advice."}