New Mexico Statutes 18-10-2. Definitions
As used in the Abandoned Cultural Properties Act:
Terms Used In New Mexico Statutes 18-10-2
- 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.
A. “lender” means a person whose name appears on the records of the museum or, in the event of the death of the person, the successor in interest to the property as the person entitled to property held in the museum;
B. “loan” means all deposits of property with a museum which are not accompanied by a transfer of title to the property;
C. “museum” means an institution located in New Mexico and operated by a nonprofit corporation or public agency, primarily educational, scientific or aesthetic in purpose, which owns, borrows, cares for, studies, archives or exhibits property; and
D. “property” means all tangible objects, animate or inanimate, under a museum’s care which have scientific, historic, artistic or cultural value.