All securities issued, assumed or guaranteed without application to and approval of the commission, except the securities mentioned in Sections 62-6-8 and 62-6-8.1 NMSA 1978, are voidable with the consent of the commission.
History: Laws 1941, ch. 84, § 23; 1941 Comp., § 72-511; 1953 Comp., § 68-5-11; Laws 1979, ch. 50, § 2; 2005, ch. 339, § 3.
The 2005 amendment, effective July 1, 2005, deleted the former provision that securities are void and provides that securities are voidable with the consent of the commission.
Structure New Mexico Statutes
Chapter 62 - Electric, Gas and Water Utilities
Article 6 - Powers and Duties of Commission
Section 62-6-1 to 62-6-3 - Repealed.
Section 62-6-4 - Supervision and regulation of utilities.
Section 62-6-4.1 - Contract carriage.
Section 62-6-4.2 - Transition cost recovery.
Section 62-6-4.4 - Gas and electric utilities; combined service.
Section 62-6-4.5 - Billing; franchise fees; gross receipts taxes.
Section 62-6-5 - Local option.
Section 62-6-6 - Issuance, assumption or guarantee of securities.
Section 62-6-7 - Application to commission; order of commission.
Section 62-6-8 - Exempted securities.
Section 62-6-8.1 - Additional jurisdiction.
Section 62-6-9 - Applications disposed of promptly.
Section 62-6-10 - No obligation on state.
Section 62-6-11 - Securities voidable unless approved.
Section 62-6-12 - Acquisitions, consolidations, etc.; consent of commission.
Section 62-6-13 - Application; approval of commission.
Section 62-6-14 - Valuation by the commission.
Section 62-6-15 - Contract rate with the municipality and utilities; how established.
Section 62-6-16 - Commission may prescribe uniform accounts.
Section 62-6-17 - Office, books and records; sanction; penalty.
Section 62-6-18 - Utilities required to report to commission.
Section 62-6-19 - Standard of service.
Section 62-6-20 - Meter accuracy.
Section 62-6-21 - Inspection of meters and other devices for measuring public utility service.
Section 62-6-22 - Meters and other measuring devices; testing; fees.
Section 62-6-23 - Authority to enter premises.
Section 62-6-24 - Safety rules and regulations.
Section 62-6-26 - Economic development rates for gas and electric utilities; authorization.
Section 62-6-26.1 - Rates for clean fuels used as vehicular fuels; authorization.
Section 62-6-28 - Clean energy investments; authorization; department of environment certification.