Conversion of corporations organized under Laws 1937, Chapter 100, into cooperatives under the Rural Electric Cooperative Act, as amended.

  1. Law
  2. New Mexico Statutes
  3. Electric, Gas and Water Utilities
  4. Rural Electric Cooperatives
  5. Conversion of corporations organized under Laws 1937, Chapter 100, into cooperatives under the Rural Electric Cooperative Act, as amended.

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A corporation created under Laws 1937, Chapter 100 shall be converted into a cooperative authorized to do business and entitled to all privileges and immunities of a cooperative under the Rural Electric Cooperative Act, as amended, being Laws 1939, Chapter 47, as amended, upon the adoption of a resolution to such effect by its board of directors.

History: 1953 Comp., § 45-4-33, enacted by Laws 1967, ch. 102, § 1.

ANNOTATIONS

Compiler's notes. — Laws 1939, ch. 47, § 34, repealed Laws 1937, ch. 100.


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