Statutes > New Mexico Statutes > Chapter 24 - Health and Safety. > Article 1E - Health Facility Receiverships, 24-1E-1 through 24-1E-7. > Section 24-1E-6 - Termination of receivership.

Section 24-1E-6 - Termination of receivership.

24-1E-6. Termination of receivership.

The receivership shall terminate when the conditions that led to its establishment, and any other conditions that constitute grounds for establishment of a receivership, have ceased to exist. If the health facility is insolvent or otherwise financially distressed, the receivership shall terminate upon filing of federal bankruptcy proceedings, unless the district court orders otherwise.