New Mexico § 62-6-12 - Acquisitions, consolidations, etc.; consent of commission
Full text of New Mexico New Mexico Statutes Annotated § 62-6-12 — Acquisitions, consolidations, etc.; consent of commission, with citation guidance and answers to common questions.
§ 62-6-12. Acquisitions, consolidations, etc.; consent of commission
A. With the prior express authorization of the commission, but not otherwise: (1) any two or more public utilities may consolidate or merge with each other so as
to form a new concern; (2) any person and a public utility or public utility holding company may consolidate
or merge with each other so as to form a new concern; (3) stock of a public utility or public utility holding company may be acquired by: (a) any person who prior to the acquisition of any such stock or part thereof is a
person subject to regulation or classified as a public utility or public utility holding
company in any jurisdiction; (b) any person who is or during the course of an acquisition covered by this section
becomes subject to regulation or is classified as a public utility or public utility
holding company in any jurisdiction based on reasons other than solely the acquisition
described in this paragraph; (c) any person associated, affiliated or acting in concert with any person subject
to regulation or classified as a public utility or public utility holding company
in any jurisdiction for the purposes of any acquisition subject to the provisions
of this section; (d) any person associated, affiliated or acting in concert with any person described
in Subparagraphs [Subparagraph] (a), (b) or (c) of this paragraph; or (e) any person who, during the course of an acquisition covered by this section, merges
or consolidates with a person described in Subparagraphs [Subparagraph] (a), (b),
(c) or (d) of this paragraph. (4) any public utility may sell, lease, rent, purchase or acquire any public utility
plant or property constituting an operating unit or system or any substantial part
thereof; provided, however, that this paragraph shall not be construed to require
authorization for transactions in the ordinary course of business. B. Any consolidation, merger, acquisition, transaction resulting in control or exercise
of control, or other transaction in contravention of this section without prior authorization
of the commission shall be void and of no effect. C. Nothing in this section shall limit or expand the authority of the commission with
respect to Class II transactions as provided in the Public Utility Act.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 62-6-12
What does New Mexico Statutes Annotated § 62-6-12 cover?
Section 62-6-12 ("Acquisitions, consolidations, etc.; consent of commission") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 62-6-12?
A common citation format is "New Mexico Statutes Annotated § 62-6-12" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 62-6-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.