There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 6: Public Finances
Article 21: Finance Authority, 6-21-1 through 6-21-31
Section 6-21-22: Corporate existence.
Universal Citation:
NM Stat § 6-21-22 (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
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6-21-22. Corporate existence.
The authority and its corporate existence shall continue until terminated by law, provided that no such law shall take effect so long as the authority has bonds or other obligations outstanding, unless adequate provision has been made for the payment of such obligations. Upon termination of the existence of the authority, all its rights and properties in excess of its obligations shall pass to and be vested in the state.
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