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2017 New Mexico Statutes
Chapter 73 - Special Districts
Article 13 - General Provisions Relating to Irrigation Districts
Section 73-13-38 - Insolvency of municipal irrigation districts; appointment of receiver.
Universal Citation: NM Stat § 73-13-38 (2017)
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.
History: Laws 1931, ch. 55, 1; 1941 Comp., 77-2539; 1953 Comp., 75-26-38.
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