New Mexico Statutes 67-13-3. Definitions
As used in the Scenic Highway Zoning Act:
Terms Used In New Mexico Statutes 67-13-3
- 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.
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- 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. “board” means a board of county commissioners;
B. “highway” means any United States highway, state highway or any combination of such highways used for vehicular traffic;
C. “person” means any human being, association, partnership, firm or corporation, excluding a public body and excluding the federal government;
D. “public body” means the state of New Mexico or any agency, instrumentality or corporation thereof, or any municipality, school district or other district or any other political subdivision of the state, excluding the federal government; and
E. “real property” means:
(1) land, including land under water;
(2) buildings, structures, fixtures and improvements on land;
(3) any property appurtenant to or used in connection with land; and
(4) every estate, interest, privilege, easement, franchise and right in land, legal or equitable, including without limiting the generality of the foregoing, rights-of- way, terms for years and liens and charges or encumbrances by way of judgment or otherwise, and the indebtedness secured by such liens.