New Mexico Statutes 49-4-4.1. Definitions
As used in N.M. Stat. Ann. Chapter 49, Article 4:
Terms Used In New Mexico Statutes 49-4-4.1
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
A. “board of trustees” means the board of trustees of the Chilili land grant-merced;
B. “common lands” means lands owned by the Chilili land grant for the benefit of the heirs of the land grant-merced;
C. “heir” means a person who is a descendant of the original grantees and has an interest in the common land of the land grant-merced through inheritance, gift or purchase;
D. “land grant-merced” means the grant of land made by the government of Mexico to the town of Chilili in 1841, which was confirmed by congress in 1858 and issued a patent by the United States in 1909; and
E. “qualified voting member” means an heir who is registered to vote in the land grant-merced as prescribed in the land grant-merced bylaws.