New Mexico Statutes 62-19-2. Definitions
Current as of: 2024 | Check for updates
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As used in the Public Regulation Commission Act:
Terms Used In New Mexico Statutes 62-19-2
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A. “commission” means the public regulation commission;
B. “commissioner” means a person appointed to the public regulation commission;
and C. “person” means an individual, corporation, firm, partnership, association, joint venture or similar legal entity.