[Insolvency of municipal irrigation districts; appointment of receiver.]

  1. Law
  2. New Mexico Statutes
  3. Special Districts
  4. General Provisions Relating to Irrigation Districts
  5. [Insolvency of municipal irrigation districts; appointment of receiver.]

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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.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Cross references. — For appointment of receivers, see Rule 1-066 NMRA.

For the Receivership Act, see 44-8-1 NMSA 1978.


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