New Mexico Statutes 21-28-19. Gifts by persons, corporations, institutions and associations
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A. Any person or domestic corporation or association may make contributions or gifts, grants, bequests, devises or loans to a research park corporation.
Terms Used In New Mexico Statutes 21-28-19
- 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.
B. Any university or nonprofit corporation having funds available for research and development, regardless of the provisions of its charter, certificate of incorporation or
other articles of organization including bylaws, may loan the funds to a research park corporation under such terms and conditions as may be mutually agreed upon for the purposes of a research park.