§ 53-6-1 Purpose of act
§ 53-6-2 Short title
§ 53-6-3 Definitions
§ 53-6-4 Incorporation
§ 53-6-5 Purposes for which incorporated
§ 53-6-6 Corporate name
§ 53-6-7 Professional services through officers, employees, and agents
§ 53-6-8 Professional relationships preserved
§ 53-6-9 Issuance and transfer of shares
§ 53-6-10 Sale and transfer of shares
§ 53-6-11 Contingent purchase or redemption price
§ 53-6-12 Disqualification; dissolution
§ 53-6-13 Mergers or consolidations
§ 53-6-14 Application to professional corporations
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Terms Used In New Mexico Statutes > Chapter 53 > Article 6 - Professional Corporations

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Grantor: The person who establishes a trust and places property into it.
  • Personal property: All property that is not real property.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
  • Trustee: A person or institution holding and administering property in trust.