New Mexico Statutes > Chapter 3 > Article 66 – Municipal Event Center Funding
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Mexico Statutes > Chapter 3 > Article 66 - Municipal Event Center Funding
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Trustee: A person or institution holding and administering property in trust.