New Mexico Statutes 21-8-32. Institute not conducted for gain
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The building materials research and testing institute shall not be conducted for the private or personal gain of anyone connected with it, or for the sole benefit of any individual, firm or corporation.
Terms Used In New Mexico Statutes 21-8-32
- 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.