There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 73: Special Districts
Article 13: General Provisions Relating to Irrigation Districts, 73-13-1 through 73-13-47
Section 73-13-38: Insolvency of municipal irrigation districts; appointment of receiver.
NM Stat § 73-13-38 (1996 through 1st Sess 50th Legis) What's This?
73-13-38. [Insolvency of municipal irrigation districts; appointment of receiver.]
That whenever any municipal irrigation district shall become insolvent and unable to pay its debts, the district court may, at the suit of its board of directors, appoint a receiver for such municipal irrigation district, to operate the same under the court's directions, for the purpose of conducting the affairs of such irrigation district.
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