N.M. Stat. § 62-15-33

Current through 2024, ch. 69

Section 62-15-33 - Conversion of corporations organized under Laws 1937, Chapter 100, into cooperatives under the Rural Electric Cooperative Act, as amended

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.

NMS § 62-15-33

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