New Mexico Statutes 56-11-2. Definitions
Current as of: 2024 | Check for updates
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As used in the Artists’ Consignment Act:
Terms Used In New Mexico Statutes 56-11-2
- 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. “art” means a painting, sculpture, drawing, work of graphic art, pottery, weaving, batik, macrame or quilt containing the artist’s original handwritten signature on the work of art;
B. “artist” means the creator of a work of art, or, if he is deceased, the artist’s heirs or personal representative;
art;
C. “art dealer” means a person primarily engaged in the business of selling works of D. “creditor” means a “creditor” as defined in Section 55-1-201 N.M. Stat. Ann.; and
E. “person” means an individual, partnership, corporation or association.