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Section 62-15-1 - Short title. - Chapter 62, Article 15 NMSA 1978 may be cited as...
Section 62-15-2 - Purpose; definition. - Cooperative nonprofit membership corporations may be organized under the Rural...
Section 62-15-3 - Powers. - A cooperative shall have power to: A. sue and be...
Section 62-15-3.1 - Subsidiary business activities. - A. Cooperatives may form, organize, acquire, hold, dispose of and...
Section 62-15-4 - Name. - The name of each cooperative shall include the words "electric"...
Section 62-15-5 - Incorporators. - Five or more natural persons, or two or more cooperatives,...
Section 62-15-6 - Articles of incorporation. - A. The articles of incorporation of a cooperative shall recite...
Section 62-15-7 - Bylaws. - The original bylaws of a cooperative shall be adopted by...
Section 62-15-8 - Members. - A. No person who is not an incorporator shall become...
Section 62-15-9 - Board of trustees; suits. - A. The business and affairs of a cooperative shall be...
Section 62-15-9.1 - Duties of trustees. - A trustee shall perform his duties as a trustee, including...
Section 62-15-9.2 - Limitation on liability and indemnification of officers and trustees. - A. Cumulative to any other provision of the Rural Electric...
Section 62-15-10 - Voting districts. - A. Notwithstanding any other provision of the Rural Electric Cooperative...
Section 62-15-11 - Officers. - The officers of a cooperative shall consist of a president,...
Section 62-15-12 - Amendment of articles of incorporation. - A. A cooperative may amend its articles of incorporation by...
Section 62-15-13 - Consolidation. - Any two or more cooperatives, each of which is designated...
Section 62-15-14 - Merger. - Any one or more cooperatives, each of which is designated...
Section 62-15-15 - Effect of consolidation or merger. - The effect of consolidation or merger shall be as follows:...
Section 62-15-16 - Conversion of existing corporations. - Any corporation organized under the laws of this state for...
Section 62-15-17 - Initiative by members. - Notwithstanding any other provision of this act [62-15-1 to 62-15-32...
Section 62-15-18 - Dissolution. - A. A cooperative that has not commenced business may dissolve...
Section 62-15-19 - Filing of articles. - Articles of incorporation, amendment, consolidation, merger, conversion or dissolution, when...
Section 62-15-20 - Refunds to members. - Revenues of a cooperative for any fiscal year in excess...
Section 62-15-21 - Disposition of property. - A cooperative may not sell, convey, lease, exchange, transfer or...
Section 62-15-22 - Nonliability of members for debts of cooperative. - The private property of the members of a cooperative shall...
Section 62-15-23 - Recordation of mortgages. - Any mortgage, deed of trust or other instrument executed by...
Section 62-15-24 - Waiver of notice. - Whenever any notice is required to be given under the...
Section 62-15-25 - Trustees, officers or members; notaries. - No person who is authorized to take acknowledgments under the...
Section 62-15-26 - Foreign corporations. - Any corporation organized on a nonprofit or a cooperative basis...
Section 62-15-26.1 - Distribution cooperative utilities organized in other states; application. - A distribution cooperative utility organized pursuant to the laws of...
Section 62-15-27 - Fees. - The secretary of state shall charge and collect for: A....
Section 62-15-28 - Taxation. - Cooperative and foreign corporations transacting business in this state pursuant...
Section 62-15-29 - Repealed. - Repeals. — Laws 1998, ch. 108, § 81 repealed 62-15-29...
Section 62-15-30 - Securities Act exemption. - The provisions of the Securities Act, Chapter 44, Session Laws...
Section 62-15-31 - "Rural area," "person" and "member" defined. - A. "Rural area" means any area not included within the...
Section 62-15-32 - Construction of act; inconsistency. - The Rural Electric Cooperative Act shall be construed liberally. The...
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...
Section 62-15-34 - Renewable portfolio standard. - A. Except as provided in Subsection E of this section,...
Section 62-15-35 - Renewable energy certificates; commission duties. - The public regulation commission shall establish: A. a system of...
Section 62-15-36 - Renewable energy and conservation fee. - A. A distribution cooperative may collect from its customers a...
Section 62-15-37 - Definitions; energy efficiency; renewable energy. - As used in the Rural Electric Cooperative Act: A. "energy...