N.M. Admin. Code § 13.2.12.8 - APPLICABILITY, OVERSIGHT PROVISIONS AND PRESUMPTION OF CONTROL
A. The oversight
power of the office pursuant to the act applies to proposed transactions that
involve a New Mexico hospital.
B.
Being subject to the act does not preclude or negate any person regulated
pursuant to the insurance hold company law.
C. Control is presumed to exist if a person,
directly or indirectly, owns, controls, or 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.
D. 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.
Notes
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