Terms Used In New Mexico Statutes > Chapter 59A > Article 50 - Motor Clubs

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• applicant: means any person, firm, association, partnership, corporation or other legal entity, applying for a certificate of authority or renewal thereof under this article. See New Mexico Statutes 59A-50-2
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Continuance: Putting off of a hearing ot trial until a later time.
• 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.
• discount service: means obtaining merchandise for members or subscribers at a discount. See New Mexico Statutes 59A-50-2
• emergency road service: means the adjustment, repair or replacement of the equipment, tires or mechanical parts of a motor vehicle so that such motor vehicle may be operated under its own power. See New Mexico Statutes 59A-50-2
• financial service: means the arranging for loans or other advances of money to members or subscribers in connection with providing any other motor club service. See New Mexico Statutes 59A-50-2
• Fraud: Intentional deception resulting in injury to another.
• legal fee reimbursement service: means the payment for or reimbursing of members or subscribers for fees charged by an attorney for his advice or services rendered to them in defense of a traffic offense. See New Mexico Statutes 59A-50-2
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• licensee: means a motor club to which a certificate of authority has been issued under this article. See New Mexico Statutes 59A-50-2
• motor club: means a person engaged, directly or indirectly either as principal or agent, in selling or offering for sale, furnishing or procuring motor club service to members or subscribers. See New Mexico Statutes 59A-50-2
• motor club representative: means any salesman or other individual who, for compensation, solicits or sells memberships, subscriptions or franchises on behalf of any motor club. See New Mexico Statutes 59A-50-2
• motor club service: means the rendering, furnishing or procuring of or the payment or reimbursement for, in whole or in part, such services as community traffic safety services, travel and touring service, theft or reward service, map service, towing service, emergency road service, legal fee reimbursement service in the defense of traffic offenses, license and title service, notary service, check cashing service, discount service, financial service and ticket and reservation service, or any one or more thereof, to any person, in connection with the ownership, operation, use or maintenance of a motor vehicle by such person, in consideration of such other person being or becoming a member or subscriber of any motor club, or being or becoming in any manner affiliated therewith, or being or becoming entitled to receive membership or other motor club service therefrom by virtue of any agreement or understanding with any such person. See New Mexico Statutes 59A-50-2
• Oath: A promise to tell the truth.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• 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.
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
• service contract: means an agreement whereby a motor club, for a consideration, promises to render, furnish, procure or reimburse club members or subscribers specified services. See New Mexico Statutes 59A-50-2
• Service of process: The service of writs or summonses to the appropriate party.
• Subpoena: A command to a witness to appear and give testimony.
• towing service: means the furnishing to members or subscribers of means to move a motor vehicle, under power other than its own, from one place to another, by any lawful wrecker service. See New Mexico Statutes 59A-50-2
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.