New Mexico Statutes 40-7A-3. Definitions
As used in the Child Placement Agency Licensing Act:
Terms Used In New Mexico Statutes 40-7A-3
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A. “child” means an individual under the age of eighteen years;
B. “child placement agency” means any individual, partnership, unincorporated association or corporation undertaking to place a child in a home in this or any other state for the purpose of foster care or adoption of the child;
C. “department” means the children, youth and families department; D. “division” means the protective services division of the department;
E. “foster home” means a home maintained by an individual having the care and control, for periods exceeding twenty-four hours, of a child who is not placed for adoption;
F. “person” means any individual, partnership, unincorporated association or corporation; and
G. “secretary” means the secretary of children, youth and families.