N.M. Stat. » Chapter 62 — Electric, Gas and Water Utilities
New Mexico Statutes

N.M. Stat. § 62-15-2 (2026)

Purpose; definition

✓ current as of May 2026
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Cooperative nonprofit membership corporations may be organized under the Rural Electric Cooperative Act for the primary purpose of supplying electric power and energy and promoting and extending the use of electricity in rural areas. Corporations organized under that act and corporations which become subject to that act in the manner provided in that act and for the purposes of Sections 62-15-13, 62-15-14, 62- 15-15 and 62-15-19 NMSA 1978, corporations organized on a nonprofit or cooperative basis under the laws of another state for the primary purpose of supplying electric power or energy are referred to in the Rural Electric Cooperative Act as "cooperatives".

History: Laws 1939, ch. 47, § 2; 1941 Comp., § 48-402; 1953 Comp., § 45-4-2; Laws 1987, ch. 36, § 1; 1998, ch. 46, § 1.

ANNOTATIONS

The 1998 amendment, effective March 6, 1998, inserted "and for the purposes of Sections 62-15-13, 62-15-14, 62-15-15 and 62-15-19 NMSA 1978, corporations organized on a nonprofit or cooperative basis under the laws of another state for the primary purpose of supplying electric power or energy" in the second sentence. The 1987 amendment, effective June 19, 1987, in the first sentence substituted "primary purpose of supplying electric power and energy" for "purpose of supplying electric energy," and made minor changes in language and punctuation throughout the section.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 18 Am. Jur. 2d Cooperative Associations § 4.

Notes of Decisions
Cited in 4 cases, 2003–2015 · leading case: Tri-State Generation & Transmission Ass'n v. King, 78 P.3d 1226 (N.M. 2003).
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Tri-State Generation & Transmission Ass'n v. King, 78 P.3d 1226 (N.M. 2003). · cites it 8× “” NMSA 1978, § 62-15-2 (1998). Corporations organized under the RECA are cooperatives under the Act.”
Tri-State Generation & Transmission Ass'n v. N.M. Pub. Reg. Com'n, 2015 NMSC 13 (N.M. 2015). · cites it 2× “Compare NMSA 1978, § 62-15-2 (1998) (stating that rural electric cooperatives are organized on a nonprofit or cooperative basis under NMSA 1978, Sections 62-15-1 to -37 (1939, as amended through 2014), “for the primary purpose of supplying electric power [to] .”
Tri-State Generation & Transmission Ass'n v. New Mexico Pub. Reg. Comm'n, 2015 NMSC 013 (N.M. Ct. App. 2015). · cites it 2× “Compare NMSA 1978, § 62-15-2 (1998) (stating that rural electric cooperatives are organized on a nonprofit or cooperative basis under NMSA 1978, Sections 62-15-1 to -37 (1939, as amended through 2014), “for the primary purpose of supplying electric power [to] .”
Tri-State Generation & Transmission Ass'n v. N.M. Pub. Reg. Comm'n (N.M. 2015). · cites it 2× “Compare NMSA 1978, § 62-15-2 (1998) 9 (stating that rural electric cooperatives are organized on a nonprofit or cooperative 10 basis under NMSA 1978, Sections 62-15-1 to -37 (1939, as amended through 2014), 11 “for the primary purpose of supplying electric power [to] .”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.