New Mexico Statutes > Chapter 4 > Article 57 – Planning Commission
Current as of: 2024 | Check for updates
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Other versions
| § 4-57-1 | Creation of planning commission |
| § 4-57-2 | Powers and duties of commission |
| § 4-57-3 | Planning jurisdiction |
Terms Used In New Mexico Statutes > Chapter 4 > Article 57 - Planning Commission
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.