New Mexico Statutes 10-16A-2. Definitions
As used in the Financial Disclosure Act:
Terms Used In New Mexico Statutes 10-16A-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. “business” means a corporation, partnership, sole proprietorship, firm, organization or individual carrying on a business;
B. “employment” means rendering of services for compensation in the form of salary as an employee;
C. “financial interest” means an interest held by an individual or his spouse that is:
(1) an ownership interest in business; or
(2) any employment or prospective employment for which negotiations have already begun;
D. “official act” means an official decision, recommendation, approval, disapproval or other action that involves the use of discretionary authority;
E. “person” means an individual or entity; and
F. “public officer or employee” means any person who has been elected to, appointed to or hired for any state office and who receives compensation in the form of salary or is eligible for per diem or mileage, but excludes legislators and judges.