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the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 4: Disincorporation of Municipality, 3-4-1 through 3-4-9
Section 3-4-4: Disincorporation; vote required; effect on debts and contracts.
Universal Citation:
NM Stat § 3-4-4 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
3-4-4. Disincorporation; vote required; effect on debts and contracts.
If a majority of the votes cast are in favor of disincorporation, the municipality shall be disincorporated after provision has been made for payment of its current indebtedness, contracts and obligations, and for levying the requisite tax to do so. The current indebtedness, contracts and obligations do not include funded or bonded indebtedness nor any contract whose termination date is more than one year beyond the date the election was held.
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