New Mexico Statutes 17-10-2. Definitions
As used in the Wildlife Trafficking Act:
Terms Used In New Mexico Statutes 17-10-2
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
A. “covered animal part or product” means any portion of a covered animal species; any item that contains, is advertised as containing or is wholly or partially made from a part that comes from a covered animal species; or shark fins;
B. “covered animal species” means any extant species of elephant, lion, rhinoceros or other species covered by Appendix 1 of the Convention on International Trade in Endangered Species of Wild Fauna and Flora;
C. “distribute” means either a change in possession for consideration or a change in legal ownership;
D. “educational or scientific institution” means an institution that has an educational or scientific tax exemption from the federal internal revenue service or the institution’s national or state tax authority;
E. “sell” includes bartering for, exchanging, trading or possessing with the intent to sell and each such transaction made by any person, with or without remuneration, including any intrastate sale through the internet; and
F. “total value of the covered animal species or covered animal part or product” means the fair market value of such part or product, the price at which the part or product was offered for sale or the actual price paid for the part or product, whichever is greater.