New Mexico Statutes > Chapter 42A > Article 3 – Public Uses
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Terms Used In New Mexico Statutes > Chapter 42A > Article 3 - Public Uses
- 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.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.