A. The oversight power of the office pursuant to the Health Care Consolidation Oversight Act applies to proposed transactions that involve a New Mexico hospital.B. Being subject to the Health Care Consolidation Oversight Act does not preclude or negate any person regulated pursuant to the Insurance Holding Company Law.C. Control is presumed to exist if a person, directly or indirectly, owns, controls, holds fifteen percent or more of the power to vote or holds proxies representing fifteen percent or more of the voting securities of any other person. The presumption may be rebutted by a showing in the manner provided by Section 59A-37-19 NMSA 1978 that control does not in fact exist. History: Laws 2024, ch. 40, § 3. ANNOTATIONSDelayed repeals. — Laws 2024, ch. 40, § 9 repealed 59A-63-3 NMSA 1978, effective July 1, 2025.Effective dates. — Pursuant to N.M. Const., art. IV, § 23, Laws 2024, ch. 40 did not pass with the required two-thirds vote of each house. Therefore, the effective date of Laws 2024, ch. 40 was May 15, 2024.
New Mexico Legal Code