New Mexico Statutes 6-14-5. Definitions
As used in the Public Securities Limitation of Action Act N.M. Stat. Ann. § 6-14-4 to 6-14-7;
Terms Used In New Mexico Statutes 6-14-5
- 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.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
A. “public security” means a bond, note, certificate of indebtedness or other obligation for the payment of money, issued by this state or by any public body thereof;
B. “state” means the state of New Mexico and any board, commission, department, corporation, instrumentality or agency thereof; and
C. “public body” of the state means any state educational institution or other state institution, its board of regents or other governing body thereof constituting a body corporate, any county, city, town, village, school district, irrigation district, drainage district, conservancy district, sanitation district, water district, commission, authority or other political subdivision of the state constituting a body corporate.