New Mexico Statutes 49-2-13. [Lands held in private ownership.]
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The board of trustees of any such corporation shall have no power or control over the lands within the exterior boundaries of any such grant which are held or claimed in private ownership, except as hereinafter provided.
Terms Used In New Mexico Statutes 49-2-13
- 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.